Monochrome Seeks to Launch Australia’s First Spot BTC ETF
Key Takeaways
- Monochrome Asset Management applied for Korea’s first spot Bitcoin ETF on global listing exchange Cboe Australia.
- The selection of Cboe Australia aims to leverage its strong reputation, strategic positioning in Asia Pacific and beyond, and broad investor access.
- Monochrome, which has already received approval from the Australian Securities and Investments Commission (ASIC), is awaiting a decision from Cboe Australia.
Black and White Asset Management We submitted a Bitcoin (BTC) exchange traded fund (ETF) spot application to Cboe Australia, a global listing exchange..
Australia is already familiar with cryptocurrency-based ETF products. The first person to hold Bitcoin directly.
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Monochrome has chosen Cboe Australia as its listing venue. We have built a reputation, strategic positioning and investor access in the Asia Pacific region and beyond.
Jeff Yew, CEO of Monochrome Asset Management, also shared his positive outlook on working with Cboe Australia.
As a leader in digital assets globally, our established track record and commitment to innovation and secure market access are aligned with Monochrome’s strategic objectives.
Australia’s application process Prior approval is required From the Australian Securities and Investments Commission (ASIC), Monochrome already has it.
With ASIC’s approval, the company now I’m waiting A decision from Cboe Australia is expected by mid-year.
If successful, the Monochrome Bitcoin ETF would represent a significant achievement in the Australian financial landscape, providing a new way to interact with Bitcoin and attracting a wider range of investors interested in cryptocurrencies.
Meanwhile, in the US, several companies including BlackRock, Grayscale, and Fidelity are awaiting the SEC’s decision on approving a spot Ether ETF.
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