Australia's largest stock exchange, the Australian Securities Exchange (ASX), has given the green light to its first spot Bitcoin exchange-traded fund (ETF), set to start trading on June 20. The issuer of the VanEck Bitcoin ETF is investment firm VanEck, which was approved to trade spot Bitcoin ETFs in the US earlier this year. This move comes as demand for Bitcoin exposure grows in Australia. Previously, two other Bitcoin ETFs have launched in Australia, with the Monochrome Bitcoin ETF recently starting trading on the Cboe Australia exchange.
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