🚀 VanEck is set to launch Australia's first-ever spot Bitcoin ETF, following approval from the Australian Securities Exchange (ASX). This comes after the asset manager's successful bid in the U.S. and a refiled application in Australia. The ETF will provide access to the majority of Australia's capital market, as around 90% of the equity portfolio in the country is on the ASX. However, the Australian Securities & Investments Commission (ASIC) has warned investors about the risks of crypto funds. 📈 What are your thoughts on this development? Comment below!