Claim BonusJust-In: Monochrome And Vasco Files Australia’s First Spot Bitcoin ETF Under New Regime
Crypto-focused investment management firm Monochrome Asset Management Pty Ltd and its responsible entity partner Vasco Trustees Ltd filed an updated spot Bitcoin ETF application with the Australian Securities Exchange (ASX). Monochrome Bitcoin ETF (IBTC) is the first spot Bitcoin ETF under Australia’s new regulatory framework and will have direct exposure to Bitcoin.
Australia’s First Spot Bitcoin ETF Under New Regulations
In an official announcement on July 14, Monochrome Asset Management said its partner, Vasco Trustees filed an updated application for the Monochrome Bitcoin ETF (IBTC) with the Australian Securities Exchange (ASX).
Monochrome’s partner Vasco has an Australian Financial Services Licence to offer retain investors direct and regulated exposure to crypto-assets Bitcoin (BTC) and Ethereum (ETH). The Monochrome Bitcoin ETF and the Monochrome Ethereum ETF are the two managed ETF investment products.
“In an Australian first, IBTC is a way for retail investors to own bitcoin in a single regulated structure that gives them an absolute entitlement to their underlying bitcoin.”
Monochrome CEO Jeff Yew took to Twitter to reveal that Australia has joined the spot Bitcoin ETF race. He added, “Through a Bitcoin ETF, it makes it possible for them to buy and use the asset class in however they see fit with the investment choices and in a regulated manner, and also operating within the regular regulatory perimeter.”
According to the announcement, Monochrome and Vasco are supported by leading service providers including State Street Australia, Automic Pty Limited, Ernst & Young, CF Benchmarks, and Gemini Trust Company.
ASIC implemented an Australian market framework for crypto-asset exchange-traded products, enabling product clear pathways and regulatory requirements for market participants offering financial products with direct exposure to crypto-assets. It will enhance the confidence of Australian investors when considering investing in the emerging asset class.
Also Read: Europe To Get Its First Spot Bitcoin ETF This Month
Spot Bitcoin ETF Race in the US
After BlackRock filed a spot Bitcoin ETF application with the US SEC last month, others such as Fidelity Investments, Invesco, and WisdomTree followed with spot Bitcoin ETF applications. The move caused institutional investors to again pour their money into crypto asset funds, with a net inflow of $500 million in the last three weeks.
In fact, the US United States Securities and Exchange Commission (SEC) acknowledged Bitwise spot Bitcoin Exchange Traded Fund (ETF) application on Thursday.
Also Read: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Tariffs: U.S. Lower Tariffs On Taiwan to 15% Ahead Potential Supreme Court Ruling
- Coinbase CEO Says CLARITY Act Progress Has Not Slowed Despite Markup Postponement
- Elon Musk’s X Cracks Down on InfoFi Crypto Projects; KAITO Token Falls 15%
- Bitget’s Tokenized Stock Platform Hits $18B as Traditional Assets Move On-Chain
- XRP News: RLUSD Gets Institutional Adoption Boost as Ripple Invests $150M in LMAX Group
- Shiba Inu Price Prediction: Inverse Head $ Shoulders Tests Critical Zone – Is a Breakout Still in Play?
- Binance Coin Price Prediction As 34th Quarterly BNB Token Burn Takes Place
- Here’s Why Ethereum Price Will Hit $4k By End of Jan 2026
- Solana Price Outlook Ahead of the Alpenglow Upgrade
- Bitcoin and XRP Price Prediction As US Senate Cancels Crypto Market Structure Bill Markup
- Dogecoin Price Poised to Hit $0.18 After Bullish Inverse Head and Shoulders Breakout
