A Monochrome CEO announced that the company plans to launch its spot Bitcoin ETF on the Cboe Australia exchange within two months. This ETF would be the first of its kind in Australia, allowing direct holding of Bitcoin. The approval process involves seeking approval from the securities regulator and then applying for listing on the exchange. Monochrome has already gained approval from the Australian Securities Exchange (ASX) with the expectation that Cboe Australia will finalize the application by June. The company's strategic vision and market reach led to the decision to choose Cboe Australia as the listing venue for the new Bitcoin ETF. The goal is to provide investors with a transparent pathway to exposure similar to the structure of spot Bitcoin ETFs in the U.S. The U.S.'s approval of 11 spot BTC ETFs has spurred global interest in similar products.