Australia's first Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange closed its debut day with $1.3 million in trading volume, a fraction of the US Bitcoin ETFs' $4.5 billion debut. Despite the market size disparity, VanEck remains optimistic about the ETF's growth. The firm noted strong interest from retail and professional investors. The ETF, VBTC, opened at $13.24 and closed at $13.34 with 96,476 shares traded. VanEck's CEO in the Asia-Pacific region highlighted the demand for regulated and transparent investment options. While VBTC is the first spot Bitcoin ETF on ASX, two other Bitcoin ETFs are already trading in Australia. The Monochrome Bitcoin ETF and Global X 21Shares Bitcoin ETF have also been launched. The growing interest in Bitcoin ETFs reflects a broader trend towards accessible and familiar investment vehicles in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news