Australia Poised for First Spot Bitcoin ETF Under New Laws

Get ready for a new era in Australian cryptocurrency investment! An application for Australia’s first fully-licensed spot bitcoin ETF under new regulatory guidelines has been filed with the Australian Securities Exchange (ASX). This move reportedly marked the first filing for a spot Bitcoin ETF on ASX under Australia’s new crypto laws.

Monochrome Asset Management and Vasco Trustees have filed an updated application for a spot Bitcoin ETF in Australia, which would provide retail investors with direct exposure to Bitcoin. Monochrome, a Bitcoin-focused asset management company, and Vasco Trustees have lodged an application for Australia’s first fully licensed spot Bitcoin Exchange.

Monochrome Bitcoin ETF (IBTC) is the first spot Bitcoin ETF under Australia’s new regulatory framework and will have direct exposure to Bitcoin. As per the ASIC’s revised guidance, a high level of...

Australia Embraces Bitcoin ETFs: A Look at the Landscape

This week, the Australian Securities Exchange (ASX) approved its first-ever Bitcoin ETF, following a successful Bitcoin ETF listing at rival exchange Cboe Australia earlier. Earlier this month, Australia-based Monochrome Asset Management’s Monochrome bitcoin (BTC) ETF (IBTC) won approval from Cboe Australia exchange.

The anticipated launch of Australia's first fully compliant spot Bitcoin ETF on the ASX is a significant step forward, offering regulated and transparent access to Bitcoin for Australian investors. Stay tuned for more updates!