Australian Asset Manager Monochrome Eyes Spot Bitcoin ETF Listing with Cboe Australia
Australian Asset Manager Monochrome Eyes Predicament Bitcoin ETF Itemizing with Cboe Australia
Brisbane-primarily primarily based Monochrome Asset Management has announced it has moved its utility for its flagship product the Monochrome Bitcoin trade-traded fund (ETF) to be listed on the Cboe Australia.
The Australian firm applied in July 2023 to list its ETF on the Australian Securities Alternate (ASX). Cboe Australia is yet every other trading execution venue to the ASX.
The firm said one reason for picking to list on Cboe Australia is because of the the venue’s growing investment panorama in Asia. The Australian asset administration firm hopes this would possibly occasionally enjoy the earnings of Cboe’s market tell and skills in the location.
“We’re proud to work with Cboe Australia to ship Monochrome’s unusual bitcoin ETF to market, increasing the investment universe for Australian Merchants,” said Jeff Yew, CEO at Monochrome, in an announcement.
“As leaders in digital belongings globally, their established note document and commitment to innovation and salvage market accessibility aligns with Monochrome’s strategic objectives,” adds Yew.
ASX and Cboe Listed Bitcoin ETFs
There are already a handful of Bitcoin ETFs trading on the ASX and Cboe Australia. This entails BetaShares Crypto Innovators ETF (CRYP), World X 21Shares Bitcoin ETF (EBTC) World Ex 21Shares Ethereum ETF (EETH) the 3iQ CoinShares Bitcoin Feeder ETF (BT3Q) and the 3iQ CoinShares Ether Feeder ETF (ET3Q).
Bitcoin ETF Procuring and selling Frenzy
This year, the U.S. Securities Alternate Commission (SEC) well-liked round a dozen space Bitcoin ETFs which enjoy obtained momentum causing a large trading frenzy. The BlackRock iShares Bitcoin ETF trading below the ticker image IBIT has been leading the pack.
Bitcoin ETF Frenzy Goes World
In March, two asset administration firms in Hong Kong jointly filed for an area Bitcoin ETF with the Securities and Futures Commission (SFC). The transfer comes at a time when the regulator is gearing as a lot as approve ‘in-kind’ BTC space ETFs in Q2 2024.
VSFG and Price Companions announced that they enjoy applied for an area Bitcoin ETF. Both firms purpose to salvage first-mover advantages by launching the investment automobile for both retail and institutional investors.
Within the UK, the London Stock Alternate said this would possibly occasionally doubtless well maybe maybe start accepting capabilities for trading these crypto trade-traded notes (ETNs) from April 8. ETNs and ETFs enjoy comparable characteristics — trading on predominant exchanges fancy shares.
Source : cryptonews.com
