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Australia's First Crypto ETFs Received Lukewarm Receptions Amid Rising Market Volatility

ByNdasi Tata

Jun 3, 2022

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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Ndasi Tata

Ndasi Tata is a Cameroonian-born Bitcoin entrepreneur and former state journalist who's also known for being a Bitcoin and Blockchain advocate. He's a crypto lover and reporter and has promoted several crypto projects within the African Continent. He uses a variety of social media and online channels. In addition to running a successful Facebook page with thousands of fans, he also promotes blockchain and bitcoin development initiatives on the well-liked YouTube channel #cryptoafrica-now. He earned an M.Sc. from the University of Nicosia in Cyprus in Blockchain and Digital Currency. At the University of Nicosia, Andreas Antonopoulos, Ph.D., and Antonis Polemitis, Ph.D., serve as role models.

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