Monochrome, an Australian asset manager, plans to launch its flagship spot Bitcoin exchange-traded fund (ETF) on the global listing exchange Cboe Australia. This will be the first ETF in Australia to hold physical Bitcoin.
Although Australia already has a couple of ETPs exposed to Bitcoin, Monochrome ’s spot BTC ETF will be the first to hold physical Bitcoin in its ETF, similar to the United States-based products. Australia n asset manager Monochrome plans to launch its flagship spot Bitcoin exchange-traded fund (ETF) on the global listing exchange Cboe Australia .
Australian regulators have already greenlighted two exchange-traded products (ETPs) that give exposure to spot crypto assets on Cboe Australia, but these ETPs do not directly hold Bitcoin; instead, they invest in investment products with exposure to spot Bitcoin ETF. To list their spot Bitcoin ETF in Australia, asset managers must first get approval from the securities regulator and then apply for an exchange listing. Monochrome has already received approval from the Australian Securities Exchange (ASX) and expects Cboe Australia to clear its application by Jun
Australia Asset Manager Monochrome Spot Bitcoin ETF Cboe Australia Physical Bitcoin Exchange-Traded Fund Etps Crypto Assets Securities Regulator Approval
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