Asset manager VanEck is preparing to launch Australia's first Bitcoin ETF. The ASX approved the listing of the ETF on June 20. VanEck claims their offering will be the cheapest Bitcoin ETF in Australia. 📉

However, ASIC warns investors about the risks associated with investing in funds that track the prices of cryptocurrencies.

At the same time, other countries are accelerating plans to include crypto funds, allowing investors to gain access to such products. Some have speculated that Asian markets could be the next hub for crypto ETF approval.