Australia's first Bitcoin ETF's first-day trading volume was only $1.3 million, far lower than the US spot Bitcoin ETF

According to TechFlow, the first Bitcoin exchange-traded fund (ETF) approved by Australia's major stock exchange, the Australian Stock Exchange, had a first-day trading volume of US$1.3 million.

This figure is far lower than the first-day trading volume of U.S. spot Bitcoin ETFs, which totaled $4.5 billion across ten funds on the first day, an average of about $450 million per fund.

Issuer VanEck said they are optimistic about the growth prospects of the Australian Bitcoin ETF despite the gap in market size. The ETF traded at $13.24 at the market open and closed at $13.34, with a total trading volume of 96,476 shares throughout the day.