Monochrome Bitcoin ETF will begin trading on the Cboe Australia exchange. The ETF, which has a management fee of 0.98%, will be listed as IBTC. Monochrome Asset Management provides investors with access to Bitcoin within a regulated framework. This framework is overseen by the Australian Securities & Investments Commission (ASIC). He stated that investors have Bitcoin (BTC) rights in the fund and can request a withdrawal. This is the first and only directly holding Bitcoin ETF in Australia. Cboe will become the first exchange in Australia to offer a Bitcoin ETF, with the aim of approving spot Bitcoin ETFs by the end of the year, ahead of the ASX. 🇦🇺🔥