Bitcoin is back in the spotlight after staging a strong rebound.

While the cryptocurrency remains down around 18% from its recent highs, the sharp bounce has reignited interest in digital assets

Bitcoin has come back into the spotlight after staging a strong rebound from recent lows.

While the cryptocurrency remains down around 18% from its recent highs, the sharp bounce has nonetheless reignited interest in digital assets — and some investors are likely to be wondering how to gain exposure without setting up a crypto wallet or trading directly on offshore exchanges.

Fortunately, there are a couple of exchange-traded funds (ETFs) on the ASX that allow Australians to gain exposure to Bitcoin and the broader crypto economy with the convenience of buying shares through a brokerage account.

BetaShares Crypto Innovators ETF (ASX: CRYP)The BetaShares Crypto Innovators ETF offers a unique way to invest indirectly into Bitcoin.

That's because it allows investors to gain exposure to the crypto sector through global companies that are building the infrastructure behind cryptocurrencies. Instead of holding digital assets directly, this ASX ETF invests in businesses at the forefront of blockchain technology, crypto exchanges, and mining operations.

Among its top holdings are Coinbase (NASDAQ:COIN) — the largest listed crypto exchange — and MicroStrategy (NASDAQ:MSTR), a company known for its substantial Bitcoin holdings. The fund's "picks and shovels" approach offers indirect exposure to the sector while spreading risk across up to 50 companies.

For investors who believe in the long-term growth of the crypto economy but want a more diversified and traditional equity-based approach, this arguably provides a compelling option.

Global X 21Shares Bitcoin ETF (EBTC)EBTC is Australia's first spot Bitcoin ETF, meaning it gives investors direct exposure to the price of Bitcoin.

Global X notes that each unit of EBTC represents an entitlement to a specific amount of physical Bitcoin held in cold storage by Coinbase Custody, a regulated global crypto custodian.

As a result, this ETF offers investors an easy and secure way to gain direct access to Bitcoin through the ASX, without the hassle of managing private keys or crypto wallets. It trades in Australian dollars and is backed by actual Bitcoin — not futures contracts or derivatives — which the fund manager believes enhances its transparency and alignment with the underlying asset.

After the launch of EBTC earlier this year, another Bitcoin ETF was recently listed on the ASX.

Global X 21Shares Bitcoin ETF (EBTC) is now available for investors who wish to gain direct exposure to Bitcoin in Australian dollar terms.

This ETF tracks the price of Bitcoin, providing a convenient way to invest in the cryptocurrency without the complexities of setting up a crypto wallet or trading on offshore exchanges.

EBTC is backed by actual Bitcoin held in segregated, cold storage by Coinbase Custody, a regulated global digital asset custodian.

Segregated, cold storage refers to a secure method of holding crypto assets offline in separate accounts to minimize risks.

"Each unit of EBTC represents an entitlement to a specific amount of physical Bitcoin, rendering it a highly transparent and efficient investment vehicle," Global X said.

"The ETF is also backed by a liquidity pool to facilitate efficient trading in the Australian market."

The Global X 21Shares Bitcoin ETF is now available on the ASX for investors who wish to gain direct exposure to Bitcoin in Australian dollar terms. This ETF tracks the price of Bitcoin closely. It is backed by actual Bitcoin held in segregated, cold storage by Coinbase Custody, a regulated global digital asset custodian.

This ETF provides an easy and secure way to gain direct access to Bitcoin through the ASX, without the hassle of managing private keys or crypto wallets. It trades in Australian dollars and is backed by actual Bitcoin — not futures contracts or derivatives — which the fund manager believes enhances its transparency and alignment with the underlying asset.

"We are pleased to offer Australian investors the opportunity to invest in Bitcoin through this innovative and transparent ETF," said Tim Global X. Haddleton, Chief Executive Officer of Global X Funds.

"This launch marks a significant moment in the Australian market, expanding investment options and catering to the growing demand for cryptocurrency exposure."

Betashares has recently launched Betashares Bitcoin ETF (ASX: QBTC), which is largely the same as EBTC. Both ETFs are covered in detail here. Both ETFs are covered in detail here.