Monochrome Asset Management Files Bitcoin ETF Application with Australian Securities Exchange

Crypto-focused asset management company Monochrome Asset Management and its responsible entity partner Vasco Trustees have filed an application for a spot Bitcoin exchange-traded fund (ETF) with the Australian Securities Exchange (ASX). Monochrome Bitcoin ETF (IBTC) is the first spot Bitcoin ETF prepared under Australia’s new regulatory framework and provides investors with the opportunity to directly invest in Bitcoin (BTC). Australia’s First Spot Bitcoin ETF under New Regulations In an official announcement on July 14, Monochrome Asset Management stated that its partner Vasco Trustees had resubmitted the application for Monochrome Bitcoin ETF (IBTC) to ASX. The announcement mentioned that “IBTC, the first of its kind in Australia, offers individual investors a way to own Bitcoin in a single regulated structure, giving them an absolute ownership right over Bitcoin.” The announcement also revealed that State Street Australia, Automic Pty, Ernst & Young, CF Benchmarks, and Gemini Trust Company are among the leading […] The post Monochrome Asset Management Files Bitcoin ETF Application with Australian Securities Exchange appeared first on COINTURK NEWS.