TechFlow news: The first bitcoin exchange-traded fund (ETF) approved by Australia's primary stock exchange, the Australian Securities Exchange, recorded $1.3 million in trading volume on its debut day.
This figure is significantly lower than the inaugural trading volume of U.S. spot bitcoin ETFs, which collectively reached $4.5 billion across ten funds on their first day, averaging around $450 million per fund.
VanEck, the issuer, expressed optimism about the growth prospects for Australia's bitcoin ETF despite the market size gap. The ETF opened at $13.24 and closed at $13.34, with a total trading volume of 96,476 shares throughout the day.
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