A bitcoin exchange-traded fund (ETF) launched on Australia's main stock market for the first time on Thursday as fund managers debut products to satisfy investors returning to cryptocurrency markets following a boom in prices. The VanEck Bitcoin ETF launched with around A$990,000 ($660,429) in assets on the Australian Securities Exchange and is the culmination of over three years of negotiations with operator ASX. The fund will not own bitcoin directly, but invest in the U.S.-listed VanEck Bitcoin Trust, which launched in January.