The Cosmos Purpose Ethereum Access ETF (CPET), a fund that invests in Canada’s Purpose Bitcoin ETF, had just 2,073 shares exchanged on its debut day on Tuesday.
Australia’s First Crypto spot ETFs have witnessed extremely low trading volume since the launch back in the mid of May. On the debut of 21Shares’ spot Bitcoin and Ethereum ETFs, the volume was only around $656,000 and $415,000 respectively.
WOW: shockingly timid debut for the two spot bitcoin and ether ETFs that launched today in Australia. $EBTC did $650k, $CBTC did $311k, $EETH did $414k. None even close to Top 100 list. For context, Canada’s first bitcoin ETF saw DAY ONE volume 250x greater than these guys.
— Eric Balchunas (@EricBalchunas) May 12, 2022
Jay Zhuang is a journalist and artist with a background in digital art curation. He started writing about cryptocurrency in 2020 and began contributing to DAOs in 2021. He can be reached on Twitter.
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