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EBTC, the ETFS 21SHARES BITCOIN ETF, tracks the performance of the price of Bitcoin in Australian dollars before fees and expenses. It provides holders with an interest in Bitcoin held in cold storage by Coinbase, the world's largest custodian of cryptocurrencies. It gives investors a way to trade bitcoin in a tightly regulated environment without needing to establish and maintain their own bitcoin wallets and the risks associated with that.

Bitcoin allows people to transfer digital money between each other without needing a financial middleman like a bank. It can be thought of as a digital or "crypto" currency that has no government behind it. While there are many other such online currencies these days, Bitcoin was the first and as of December 2021 remains the largest.


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Three new ETFs began trading on the Cboe Australia exchange on Thursday, each experiencing trading volumes below $1 million and under performing bullish market expectations amid a global sell off in the underlying prices of bitcoin and ether.

The ETFS 21Shares Bitcoin ETF (EBTC) and ETFS 21Shares Ethereum ETF (EETH), issued by industry pioneer ETF Securities, attracted investor inflows of $954,925 and $604,305 respectively. The Cosmos Purpose Bitcoin Access ETF (CBTC), offered by two year old crypto specialist Cosmos Asset Management, secured $454,002 in trading on its debut day.

The trading volumes fell well below those enjoyed by the record-breaking BetaShares Crypto Innovators ETF (CRYP), which invests in crypto related shares and did $8million on Day One.

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