Cryptocurrencies
First Crypto ETFs in Australia See Trading Evaporate
This article is for subscribers only.
Australia got its first exchanged-traded products linked to Bitcoin and Ether last month, and investors reacted with a shrug. Three ETFs (tickers: CBTC, EETH and EBTC) that launched on May 12 have seen trading volumes collapse since they started trading. The Cosmos Purpose Ethereum Access ETF (CPET), which started trading on Tuesday, saw just 2,073 shares change hands on its debut day.
Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news.