🚀Australia's first spot-bitcoin ETF that holds bitcoin directly is launching on Tuesday! Monochrome Asset Management's ETF (IBTC) will start trading on the Cboe Australia exchange. This is a big leap for Aussie investors who were only able to invest in ETFs that indirectly hold bitcoin or through offshore products. 🎉

The swift approval of Monochrome's application (submitted in April) reflects Australia's drive to keep pace with global crypto trends. This move comes after the U.S. approved spot bitcoin ETFs in January and Hong Kong approved its first batch of crypto-related spot ETFs in April.

Monochrome's ETF aligns with their mission to offer secure, compliant, and straightforward pathways to participate in the crypto space. What do you think about this development? Share your thoughts below! 👇 #CryptoNews #BitcoinETF #Australia