Bitcoin ETF

Bitcoin

Spot

<a href="https://bitcoinworld.co.in/monochrome-applies-for-australias-first-spot-bitcoin-etf-via-cboe-listing/" title="Monochrome Applies for Australia’s First Spot Bitcoin ETF Via Cboe Listing" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Australian asset manager Monochrome applies to list its flagship spot Bitcoin ETF on Cboe Australia exchange.</li>
</ul>
In a strategic move aimed at deepening its presence, Australian investment firm <a href="https://www.monochrome.au/" rel="noopener noreferrer nofollow">Monochrome Asset Management</a> has applied to list its flagship Monochrome Bitcoin ETF on Cboe Australia, one of <a href="https://www.cboe.com/" rel="noopener noreferrer nofollow">Cboe Global Markets</a>‘ five global exchanges.
This decision marks a shift from Monochrome’s initial plans to list the ETF on the larger Australian Securities Exchange (ASX), where trading volumes are typically higher.&nbsp;
However, the firm cited key factors that aligned with its goals in selecting Cboe Australia as the listing venue.
If approved, the Monochrome Bitcoin ETF would be the first spot Bitcoin ETF in Australia, allowing direct investment in the world’s largest cryptocurrency.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/solana-network-faces-high-failure-rate-in-transactions-amid-memecoin-mania/" aria-label="“Solana Network Faces High Failure Rate in Transactions Amid Memecoin Mania” (Edit)" rel="noopener noreferrer nofollow">Solana Network Faces High Failure Rate in Transactions Amid Memecoin Mania</a>
While the country already hosts two crypto exchange-traded products on Cboe Australia, neither of them holds actual Bitcoin.
Unlike the process in the United States, Australian firms must first secure approval from the national regulator, the Australian Securities Exchange (ASX), before applying to an exchange for an ETF listing.&nbsp;
Monochrome has already obtained this clearance from the ASX for its Bitcoin ETF product.
“We expect a decision from Cboe Australia about our Bitcoin ETF application before the middle of the year,” Yew stated.
In January, Derek Vladimir Henningsen, Monochrome’s head of legal and compliance, had anticipated the ETF would be listed by the second quarter of 2024.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/monochrome-applies-for-australias-first-spot-bitcoin-etf-via-cboe-listing/" rel="noopener noreferrer nofollow">Monochrome Applies for Australia’s First Spot Bitcoin ETF Via Cboe Listing</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Monochrome Applies for Australia’s First Spot Bitcoin ETF Via Cboe Listing

ItsBitcoinWorld

Other articles published on Apr 6, 2024

ZA Bank Spearheads Stablecoin Banking Support in Hong Kong

Altcoin Tsunami: Ride the Wave of Continuous Growth

XRP Price Prediction for April 6

Milei Moneda investors eye profits as presale outshines Injective, Cardano

Book Of Meow Price Prediction: BOMEOW Soars 39% As Solana Rival Slothana Rockets Past $9M

Crypto News April 05: Bitcoin Passes $67K, ETH Exceeds $3300

Join our free newsletter for daily crypto updates!