Australian investment management firm Monochrome Asset Management will launch a first-of-its-kind spot Bitcoin exchange-traded fund in the country on Tuesday, May 4, 2024., the Monochrome Bitcoin ETF will be the first fund to hold BTC directly in Australia. Appropriate measures have been put in place to list the ETF for trading on the Cboe Australia exchange on June 4.
Over the past years, many other firms have released Bitcoin ETFs that indirectly hold BTC or gain exposure to the digital asset through offshore products. Leading crypto exchange-traded products issuer 21Shares launched some of the products.
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