Bloomberg analyst Eric Balchunas clarified that Monochrome's Bitcoin ETF is not Australia's inaugural spot BTC ETF. He noted that Global X and 21Shares have had a spot Bitcoin ETF trading on CBOE for two years, with $72 million in assets. Additionally, VanEck is awaiting approval to launch its own Bitcoin ETF on the Australian Securities Exchange (ASX), which would be the first on that exchange.

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