Bitcoin ETF

<ul><li>Monochrome&#39;s spot Bitcoin ETF, IBTC, starts trading on Cboe Australia tomorrow at 10:00 am (AEST), holding Bitcoin directly.</li><li>IBTC is the first Australian ETF to hold Bitcoin directly, offering regulated cryptocurrency exposure.</li><li>The ETF launch follows ASIC and Cboe Australia approvals, setting a precedent in the crypto investment space.</li></ul>Australia&#39;s financial market is set for a significant shift as <a href="https://cryptotale.org/monochrome-set-to-launch-australias-premier-spot-bitcoin-etf/" rel="noopener noreferrer nofollow">Monochrome Asset Management</a>&#39;s spot Bitcoin ETF <a href="https://www.monochrome.au/products/monochrome-bitcoin-etf" rel="noopener noreferrer nofollow">begins</a> trading on Cboe Australia June 4. This landmark ETF will be the first in Australia to hold Bitcoin directly, offering investors a regulated way to gain exposure to the leading cryptocurrency.This ETF, dubbed IBTC, is designed to hold Bitcoin directly, departing from existing exchange-traded products (ETPs) that only offer indirect exposure to Bitcoin. The launch <a href="https://www.monochrome.au/news/articles/crypto-asset-approved-issuer-lodges-monochrome-bitcoin-etf-application-with-the-asx?utm_source&#61;announcement&amp;utm_medium&#61;socials&amp;utm_campaign&#61;ibtc-lodgement" rel="noopener noreferrer nofollow">follows </a>approvals from the Australian Securities and Investments Commission (ASIC) and Cboe Australia.Monochrome CEO Jeff Yew <a href="https://x.com/MonochromeAsset/status/1797402377965981820" rel="noopener noreferrer nofollow">expressed</a> optimism about the ETF&#39;s market reception, citing strong interest from both retail and institutional investors. Yew stated, &#34;We anticipate significant interest given the consistent growth of indirect Bitcoin ETF products in recent months.” He also noted the firm’s readiness to introduce an Ether ETF, which will similarly hold the asset directly.Related: <a href="https://cryptotale.org/nigerias-crypto-industry-faces-uncertainty-under-president-tinubus-policies/" rel="noopener noreferrer nofollow">https://cryptotale.org/nigerias-crypto-industry-faces-uncertainty-under-president-tinubus-policies/</a>The introduction of Monochrome&#39;s Bitcoin ETF follows a global trend towards regulated cryptocurrency investment products. Earlier this year, the U.S. Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs, which quickly gathered substantial investor interest, accumulating $53.16 billion in net assets.<a href="https://cryptotale.org/australias-first-spot-bitcoin-etf-to-begin-trading-in-australia/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Australia's First Spot Bitcoin ETF to Begin Trading in Australia

CryptoTale

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