Australia’s First Bitcoin Spot ETF to Open This Week

Monochrome launches Australia’s first spot Bitcoin ETF on June 4, offering investors direct Bitcoin exposure.

Koala holding a bitcoin on a blockchain connected to Australia.
Created by Kornelija Poderskytė from DailyCoin
  • Australian regulators have approved the first spot Bitcoin ETF.
  • Monochrome is the first asset manager in the country to offer such a product.   
  • The Monochrome Bitcoin ETF will debut this week.

Spot BItcoin ETFs have become the talk of the town following the runaway success of U.S.-based BTC ETF products, which debuted in January. Hong Kong followed suit by launching three spot BTC ETFs on April 30, but these funds have so far disappointed as total investment capital has experienced net outflows.   


Despite Hong Kong’s stuttering start, Australian regulators have approved the launch of the country’s first spot Bitcoin ETF product.

Australia Gets Its First Spot Bitcoin ETF

Australian regulators have approved the launch of the first spot Bitcoin ETF on the Cboe exchange. 

Following the green light from the Australian Financial Services (AFS), monochrome asset managers hosted an event last week to celebrate receiving regulatory approval.

During the event, it was highlighted that the license allows the ETF to hold Bitcoin directly, with the holdings stored offline in compliance with required Australian institutional custody standards.

Additionally, the Monochrome Bitcoin ETF provides in-kind redemption for investors, unlike its U.S. counterparts which are cash-settled. This means investors will be able to withdraw Bitcoin from their trading accounts.  

Analysts expect the Monochrome Bitcoin ETF (IBTC) to start trading when the market opens on Tuesday, June 4.


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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Samuel Wan

Samuel Wan is a finance professional turned crypto journalist, known for his insightful reporting on market trends, regulatory changes, and technological developments within the digital asset industry. His ability to simplify complex concepts and report the facts has made him a trusted source in the crypto community. Beyond his writing, Samuel is an active mountain biker and gamer.