After weeks of waiting, VanEck’s Bitcoin Strategy ETF (XBTF) finally began trading on the Chicago Board of Exchange and on its first day had a trading volume of $4.6 million paling significantly against other similar ETFs that began trading last month.
VanEck’s ETF has a slow start to life
Data from investing.com revealed that shares of XBTF had closed the day at around $59.73 and had been traded 44,698 times which was roughly $4.8 million and also saw around $10 million in assets under management (AUM).
Judging by this, it means the VanEck’s ETF was only able to attract a minimal amount of interest from investors who had swamped ProShares Bitcoin Strategy ETF on its opening day. You’ll recall that ProShares recorded a trading volume of about $1 billion on its opening day.
Speaking on the VanEck launch, Head of Corporate Partnerships at Australian exchange Swyftx, Tommy Horan, acknowledged that the VanEck launch was weak but noted that there was nothing to worry about.
We współpracy z: https://cryptoslate.com/vanecks-bitcoin-strategy-etf-sees-a-slow-start-after-issue/
