The Australian Securities Exchange (ASX) has approved its first spot Bitcoin ETF, marking a significant milestone in the country's cryptocurrency journey. The VanEck Bitcoin ETF, set to start trading on June 20 under the ticker VBTC, simplifies Bitcoin investment by managing all technical complexities. This development reflects the rising interest in Bitcoin in Australia, following the launch of other Bitcoin-related ETFs in the country. The introduction of the VanEck BTC ETF is expected to drive crypto adoption in Australia, as it offers a regulated and familiar way to invest in Bitcoin. This move aligns Australia with the United States and Hong Kong in offering spot Bitcoin ETFs, indicating a growing acceptance of Bitcoin ETFs globally.