According to Foresight News, Monochrome, an Australian asset management company, has officially launched the country's first Bitcoin Exchange Traded Fund (ETF) that directly holds Bitcoin. The ETF, named Monochrome Bitcoin ETF (IBTC), will commence trading on the Cboe Australia Exchange from today. The stock code for this ETF is 'IBTC'. This marks a significant development in the Australian cryptocurrency market, as it is the first time an ETF directly holding Bitcoin has been introduced.