BetaShares Crypto ETF’s Record-Setting Debut Depicts Rising Investor Appetite in Australia

Similarly to US investors, Australians displayed an enhanced appetite for cryptocurrency-related exchange-traded funds. Shortly after the launch of BetaShares’ CRYP, the volume went through the roof and set a new record.
Understanding BetaShares’ CRYP
Echoing the monumental day of the first Bitcoin Futures ETF debut on Wall Street, BetaShares Crypto Innovators ETF (CRYP) pierced through the existing record of $5.8 million within minutes as it debuted on the Australian Securities Exchange (ASX).
In fact, CRYPT went on to set a new high of more than $39.7 million by the end of the opening day. With this, the Australian crypto-based fund broke the astonishingly high record witnessed by Hyperion Global Growth Companies (HYGG) product for first-day volume in March 2021.
CRYP’s performance mirrors that of ProShares Bitcoin Futures ETF, which also saw a flying start. BITO had reportedly recorded $280 million in trading volumes in the first hour after going live.
The CRYP fund, which st

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