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BetaShares crypto company ETF smashes Australian records on opening day
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Australian fund management company BetaShares’ new crypto company ETF smashed Australian Securities Exchange (ASX) records within the first 15 minutes of listing.
The Capital Appreciation Portfolio Diversification (CRYP) fund enables investors to gain exposure to 50 pure-play listed crypto companies from around the world such as exchanges, mining companies and equipment firms.
Some of the top companies on CRYP include Galaxy Digital (12.0%), Marathon Digital (11.3%), Coinbase Global (10.7%), Silvergate Capital (10.2%) and Microstrategy (9.4%).
Investors blasted through the existing ETF record of $5.8M (A$8M) within minutes and soared to a total of almost $31.3M (A$42.5M) by the end of opening day signalling massive pent up demand for crypto
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