Monochrome To Launch Spot Bitcoin ETF In Australia – Bitcoin Magazine

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  • Monochrome is eyeing a spot bitcoin ETF in Australia, adding to an already crowded market in the country.
  • The fund’s partner has received unique regulatory approval to offer direct exposure to bitcoin.
  • The U.S. continues to lag behind in the spot bitcoin ETF ecosystem.

Monochrome Bitcoin Fund will release another spot bitcoin exchange-traded fund (ETF) in Australia with a unique form of regulatory approval, per a report by the Financial Standard.

The bitcoin-focused asset manager’s responsible entity and custodial partner, Vasco Trustees, received licensure on Tuesday to operate spot crypto-based ETFs. Additionally, Vasco has also received accreditation from the Australian Financial Services (AFS) through the Australian Securities and Investments Commission (ASIC), giving the fund crypto-asset authorization.

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