Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday
Published
Australia already has two exchange-traded products providing exposure to spot crypto assets on Cboe Australia but they do not hold bitcoin directly.
Australia-based Monochrome Asset Management’s Monochrome bitcoin (BTC) exchange-traded fund (ETF) (IBTC) will begin trading on the Cboe Australia exchange on Tuesday, the company told CoinDesk. The product is the first and only ETF that holds bitcoin directly in Australia, the company said. “Before IBTC, Australian investors were only able to invest in ETFs that indirectly hold bitcoin or through offshore bitcoin products, both of which don’t benefit from the investor protection rules under the directly held crypto asset Australian Financial Services Licensing (AFSL) licensing regime,” the announcement said.

