Should a bitcoin ETF be available on the ASX?

Should the Australian Securities Exchange (ASX) consider listing a Bitcoin Exchange-Traded Fund (ETF)? The debate surrounding this question is gaining momentum, as the cryptocurrency market continues to expand and investors seek diversified avenues to enter this growing space. Proponents argue that a Bitcoin ETF would provide investors with an opportunity to gain exposure to Bitcoin without having to directly own the cryptocurrency, simplifying the investment process and reducing the potential risks associated with digital asset ownership. However, critics argue that the volatility of the cryptocurrency market and the lack of regulatory clarity surrounding digital assets could pose significant challenges for an ETF listed on the ASX. What are the key considerations that the ASX should weigh in deciding whether to allow a Bitcoin ETF to be listed?