ASX First Bitcoin ETF Launched

YEREVAN ( — The Australian Securities Exchange (ASX) launched its first Bitcoin exchange-traded fund (ETF) with a trading volume of $1.3 million (1.9 million Australian dollars) on its first day. The VanEck Bitcoin ETF (VBTC) traded 96,476 shares, showing strong interest from both retail and professional investors.

Australia's First Bitcoin ETF Trades $1.3M on Debut Day

Source: Atlas21 News
Australia’s First Bitcoin ETF Trades $1.3M on Debut Day. Source: Atlas21 News

VanEck’s deputy head of investments and capital markets, Jamie Hannah, commented,

“Notwithstanding the Australian market being a lot smaller than the U.S. and most of our flow being retail rather than institutional, there is a possibility that we may follow a similar path.”

Comparing Australian to US BTC ETFs

In comparison, the debut of ASX’s Bitcoin ETF differed from those in the United States. US spot Bitcoin ETFs saw a combined trading volume of $4.5 billion on their first day, averaging around $450 million each across ten funds. This shows the difference in market size and investor behavior between the two regions.

The VanEck Bitcoin ETF began trading at $13.24 and closed the day at $13.34. The demand for Bitcoin exposure in Australia is evident, driven by the need for regulated and transparent investment options.

VanEck Bitcoin ETF Sees Strong Demand, Ends Debut Day at $20.01 AUD

The VanEck Bitcoin ETF ended the day at $20.01 Australian dollars. Arian Neiron, CEO for VanEck in the Asia-Pacific region, noted the increasing demand for Bitcoin in Australia.

“We recognize Bitcoin is an emerging asset class that many advisers and investors want to access,”

he said. Neiron highlighted that VBTC simplifies the process of acquiring, storing, and securing digital assets, making Bitcoin more accessible.

VBTC closed the day trading at $20.01 Australian dollars. Source: ASX
VBTC closed the day trading at $20.01 Australian dollars. Source: ASX

Although VBTC is the first spot Bitcoin ETF on the ASX, it is not the only Bitcoin ETF in Australia. The Monochrome Bitcoin ETF recently started trading on Cboe Australia, the country’s second-largest stock exchange. Additionally, the Global X 21Shares Bitcoin ETF was the first Bitcoin ETF to debut in Australia in April 2022.

Jamie Hannah said,

“We have had a significant amount of retail and professional investors express strong interest in getting Bitcoin exposure through ASX.”

 Jamie Hannah and John Winters Discuss Bitcoin ETF Launch

Jamie Hannah and John Winters Discuss Bitcoin ETF Launch. Source: @superheroaus

This interest aligns with the increasing adoption of digital assets in regulated markets.

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