Australia’s Securities and Investments Commission (ASIC) has gained approval for the first-ever spot Bitcoin ($BTC) and Ether ($ETH) ETF. Both the ETFs will be traded on the Australian Stock Exchange (ASX). The ASIC has released a set of guidelines for the Exchange Traded Products (ETPs) after months of discussions among regulators. These new set of guidelines will allow firms to launch Crypto pegged ETFs that would make way for direct investments in Crypto.