96,476 shares were traded on the top #Bitcoin ETF on Australia's main exchange during the day.
The first Bitcoin exchange-traded fund (ETF) approved for Australia's leading exchange, the Australian Securities Exchange, closed its first trading day with a trading volume of $1.3 million.
This is well below the first day of trading for US spot Bitcoin ETFs, which saw a total trading volume of $4.5 billion across 10 funds on the first day, with an average of $450 million.
According to ASX data in chart 2, VBTC traded at $13.24 at market open and closed the day at $13.34, with 96,476 shares changing hands during the day.
VanEck's CEO in the Asia-Pacific region, Arian Neiron, said in a statement on June 15 that demand was increasing in Australia, especially with a "regulated, transparent and familiar investment vehicle".
Although it is the first spot Bitcoin ETF to list on the ASX, two other Bitcoin ETF products are currently traded in Australia. The recently approved Monochrome Bitcoin ETF began trading on the Cboe Australia exchange, Australia's second largest exchange. In April 2022, the Global X 21Shares Bitcoin ETF became the first Bitcoin ETF product to launch in Australia.
