• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Australia's First Spot Bitcoin ETF Launches on Cboe Australia Exchange - Impact and Implications

user avatar

by Giorgi Kostiuk

2 years ago


A groundbreaking moment unfolds in Australia's financial domain as Monochrome Asset Management unveils the Monochrome Bitcoin (BTC) exchange-traded fund (ETF) (IBTC) for trading on the Cboe Australia exchange from Tuesday onwards. This pivotal launch ushers in Australia's premier ETF directly holding Bitcoin, presenting investors with a regulated and straightforward route to participate in the cryptocurrency sector. The Australian Securities and Investments Commission (ASIC) has granted approval for the product, ensuring its compliance with investor protection rules within the Australian Financial Services Licensing (AFSL) framework, which sets stringent standards for directly held crypto assets, distinct from ETFs holding Bitcoin through indirect or offshore means. Following the US's authorization of spot Bitcoin ETFs in January 2024, jurisdictions like Hong Kong and Australia have followed suit. Hong Kong's recent approval of a series of crypto-related spot ETFs underscores the global inclination towards integrating these financial instruments. Jeff Yew, CEO of Monochrome Asset Management, emphasizes the significance of this launch by emphasizing Monochrome's commitment to safeguarding investors and providing secure, compliant, and accessible pathways to engage in the dynamic cryptocurrency sphere. The direct holding structure of IBTC is positioned to offer Australian investors enhanced protection and transparency, aligning with Monochrome's unwavering focus on security and regulatory compliance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Husky Inu AI HINU Announces Upcoming Price Increase

chest

Husky Inu AI HINU is preparing for its next price increase during the prelaunch phase, which will see the value of the HINU token rise from 0.000025151 to 0.000025428.

user avatarGustavo Mendoza

Morpho Resilient DeFi Token Shows Early Signs of Stabilization

chest

Morpho token has shown resilience in the market, with whale investors increasing their holdings significantly, indicating potential recovery and interest in DeFi projects.

user avatarMiguel Rodriguez

NGRAVE Completes Strategic Restructuring with Ambitious Growth Plans

chest

NGRAVE, a Belgian technology company, has completed a strategic restructuring to enhance its growth potential.

user avatarRajesh Kumar

Privacy protocols are becoming increasingly popular on Ethereum in 2025.

chest

Privacy-focused protocols on Ethereum saw significant growth in 2025, with over 750 projects launched, enhancing user security in financial transactions.

user avatarLuis Flores

SAFV Improves Automated Financial Strategies on Supra Blockchain.

chest

The Supra AutoVault Framework (SAFV) serves as a middleware framework for issuing strategy-backed on-chain assets utilizing the AutoFi execution layer.

user avatarArif Mukhtar

Solido Money Introduces Supra AutoVault Framework for Standardizing DeFi.

chest

Solido Money has launched the Supra AutoVault Framework (SAFV) to standardize the issuance of strategy-backed financial assets on the Supra blockchain.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.