🚀Monochrome Asset Management is launching Australia's first spot Bitcoin ETF today! 🎉 The IBTC will be the first Aussie fund to hold BTC directly. Trading on the Cboe Australia exchange starts June 4.

Monochrome's strategy? A strictly passive buy and hold for Bitcoin. No derivatives, leverage, or short selling.

The IBTC is a game-changer, approved under a new crypto licensing category by the AFS in 2021. It's got a custody solution that meets Aussie regulatory standards, with holdings kept offline for safety.

This comes as more countries are greenlighting spot Bitcoin ETFs, following the US's successful first wave. Hong Kong just launched its first on April 30.

Who's next in the Spot Bitcoin ETF wave? 🌊 Share your thoughts below! #BitcoinETF #Monochrome #IBTC