Key Takeaways
- Monochrome Asset Administration has utilized to international itemizing trade Cboe Australia for the nation’s first spot Bitcoin ETF;
- The selection of Cboe Australia goals to leverage its sturdy repute, strategic positioning within the Asia Pacific and past, and broad investor entry;
- Having already acquired approval from the Australian Securities and Investments Fee (ASIC), Monochrome awaits Cboe Australia’s choice.
Monochrome Asset Administration has submitted an utility to international itemizing trade Cboe Australia for a spot Bitcoin (BTC) exchange-traded fund (ETF).
Australia is already conversant in crypto-based ETF merchandise, nonetheless, this is able to be the primary one holding Bitcoin straight.
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Monochrome has chosen Cboe Australia because the itemizing venue for its established repute within the Asia Pacific area and past, strategic positioning, and investor entry.
Jeff Yew, CEO of Monochrome Asset Administration, additionally shared his optimistic outlook on working with Cboe Australia:
As leaders in digital belongings globally, their established monitor report and dedication to innovation and protected market accessibility aligns with Monochrome’s strategic aims.
The applying course of in Australia requires prior approval from the Australian Securities and Investments Fee (ASIC), which Monochrome has already secured.
With ASIC’s inexperienced gentle, the agency now awaits Cboe Australia’s choice, anticipated by mid-year.
If profitable, the Monochrome Bitcoin ETF will mark a significant achievement in Australia’s monetary panorama, providing a brand new method to have interaction with Bitcoin and attracting a broader vary of traders fascinated by crypto.
In the meantime, in america, a number of firms, together with BlackRock, Grayscale, and Constancy, await the SEC’s choice on the approval of spot Ether ETFs.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.
With near a decade of expertise within the FinTech business, Aaron understands all the greatest points and struggles that crypto fanatics face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.
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