The fund’s responsible entity partner received unique licensure which will give investors more transparent and direct exposure to bitcoin through a spot ETF.
- Monochrome is eyeing a spot bitcoin ETF in Australia, adding to an already crowded market in the country.
- The fund’s partner has received unique regulatory approval to offer direct exposure to bitcoin.
- The U.S. continues to lag behind in the spot bitcoin ETF ecosystem.
Monochrome Bitcoin Fund will release another spot bitcoin exchange-traded fund (ETF) in Australia with a unique form of regulatory approval, per a report by the Financial Standard.