Australian Asset Manager Monochrome Applies With Cboe Australia for a Spot Bitcoin ETF, Eyes Decision By Mid-Year
Summary
Monochrome Asset Management, an Australian company, has applied to list a spot bitcoin exchange traded fund (ETF) on Cboe Australia. If approved, this would be the first spot bitcoin ETF in Australia that allows direct holding of bitcoin. The Monochrome Bitcoin ETF is a flagship product of the firm and was chosen to be listed with Cboe Australia due to its established reputation, strategic position, and expertise across Asia. Monochrome has already received approval from the Australian Securities Exchange (ASX) for its product. A decision from Cboe Australia on the bitcoin ETF application is expected before mid-year.
