AUSTRALIAN MONOCHROME SPOT BITCOIN ETF EXPECTED TO LAUNCH WITHIN 2 MONTHS, SAYS CEO

Last updated: June 19, 2025, 19:08 | Written by: Anthony Pompliano

The Australian financial landscape is on the cusp of a significant transformation with the anticipated launch of the Monochrome Bitcoin ETF (IBTC).Set to potentially debut within the next two months, according to Monochrome CEO Jeff Yew, this ETF promises to be a game-changer for Australian investors seeking exposure to Bitcoin.Unlike existing exchange-traded products (ETPs) in the Australian market that offer indirect exposure, Monochrome's offering will be the first to directly hold physical Bitcoin, mirroring the structure of successful spot Bitcoin ETFs in the United States.This move follows a global trend of increasing acceptance and accessibility of Bitcoin as an investment asset, with similar ETFs already approved in major markets like the US, Hong Kong, and the UK. Monochrome filed an application with securities exchange Cboe Australia to list its flagship bitcoin ETF product. The firm expects approval by mid-2025. Unlike previous bitcoin exchange-traded products in Australia, Monochrome s ETF would hold actual bitcoin. This structure mirrors the highly successful spot bitcoin ETFs in the United StatesThe launch of the IBTC marks a pivotal moment for Australian investors, finally providing a regulated, transparent, and accessible avenue for investing in Bitcoin.This innovative ETF is poised to revolutionize how Australians engage with cryptocurrency investments, offering a secure and straightforward path to participate in the digital asset revolution. Direct Holding of Bitcoin. One of the distinctive features of this Bitcoin ETF is its focus on direct holding of bitcoin. Unlike existing Exchange-Traded Products (ETPs) in Australia, which provide exposure to spot price of the asset but do not directly hold it, this ETF aims to allow investors direct access to bitcoin holdings, akin to similar products in the United States.Jeff Yew anticipates a decision from Cboe Australia regarding the Monochrome Bitcoin ETF before the middle of 2025.

What is the Monochrome Bitcoin ETF (IBTC)?

The Monochrome Bitcoin ETF (IBTC) represents a groundbreaking development in the Australian investment market.It is designed to provide investors with direct exposure to Bitcoin, meaning the ETF will hold actual Bitcoin rather than relying on derivatives or indirect methods of tracking the cryptocurrency's price. Monochrome, an Australian asset manager, is planning to launch its flagship spot Bitcoin exchange-traded fund (ETF) on the global listing exchange Cboe Australia. The company filed for the spot Bitcoin ETF in July 2025, and if approved, it will be Australia s first ETF to allow direct holding of Bitcoin.This structure aims to offer a more transparent and direct correlation between the ETF's performance and the underlying asset.

Monochrome Asset Management has filed an application with the securities exchange Cboe Australia to list its flagship bitcoin ETF product. Posted by u/dfbmod - 1 vote and no commentsThe firm expects approval by mid-2025. Ripple Prepares To Shake Up $150B Market With Imminent Launch Of New StablecoinThe ETF's Net Asset Value (NAV) will be calculated daily by State Street, utilizing the AUD value of the Bitcoin held by the ETF based on the CME CF Bitcoin Reference Rate Asia Pacific Variant, adjusted for management fees, cash holdings, and liabilities.The fund will trade under the ticker IBTC on the Cboe Australia exchange.

Why is the Monochrome Bitcoin ETF Significant?

Several factors contribute to the significance of the Monochrome Bitcoin ETF:

First Spot Bitcoin ETF in Australia: The IBTC, if approved, will be the first ETF in Australia to directly hold Bitcoin.This provides a new level of direct access for investors.
Direct Exposure to Bitcoin: Unlike existing ETPs, the Monochrome ETF allows investors to gain direct exposure to the performance of Bitcoin without the complexities of managing digital wallets or navigating cryptocurrency exchanges.
Mirrors U.S. Although Australia already has a couple of ETPs exposed to Bitcoin, Monochrome s spot BTC ETF will be the first to hold physical Bitcoin for its ETF, similar to the U.S.-based products.ETF Structure: The ETF's structure is similar to successful spot Bitcoin ETFs in the United States, which have attracted significant investment and demonstrated the demand for such products.
Regulated and Transparent: The IBTC offers a regulated and transparent investment vehicle, providing investors with confidence and security compared to directly purchasing and holding Bitcoin.

The Key Features of the Monochrome Bitcoin ETF

Understanding the features of the Monochrome Bitcoin ETF (IBTC) is crucial for investors considering this new investment option:

Direct Bitcoin Holding: As mentioned, the ETF will directly hold Bitcoin, ensuring a direct correlation between the ETF's price and the price of Bitcoin.
Daily NAV Calculation: The Net Asset Value (NAV) of the ETF will be calculated daily by State Street, providing transparency and accurate pricing.
Cboe Australia Listing: The ETF will be listed on the Cboe Australia exchange, making it accessible to a wide range of Australian investors.
Ticker Symbol IBTC: The ETF will trade under the ticker symbol IBTC, making it easily identifiable on the exchange.

Who is Monochrome Asset Management?

Monochrome Asset Management is an Australian asset manager specializing in innovative investment solutions. Monochrome, an Australian asset manager, is planning to launch its flagship spot Bitcoin exchange-traded fund (ETF) on the global listing exchange Cboe Australia. The company filed for the spot Bitcoin ETF in July 2025, and if approved, it will be Australia's first ETF to allow direct holding of BitThe company is committed to providing investors with access to new and emerging asset classes, including digital assets.Their application for the spot Bitcoin ETF demonstrates their dedication to bringing institutional-grade cryptocurrency investment products to the Australian market.The approval of Monochrome Bitcoin ETF marks a significant milestone in the company’s journey to provide simple and secure digital asset investment options.

The Global Trend of Spot Bitcoin ETFs

The anticipated launch of the Monochrome Bitcoin ETF aligns with a global trend of increasing acceptance and adoption of spot Bitcoin ETFs.In 2025, several major markets, including the United States, Hong Kong, and the United Kingdom, approved spot Bitcoin ETFs, signaling a growing recognition of Bitcoin as a legitimate investment asset. Australian Monochrome spot Bitcoin ETF expected to launch within 2 months, says CEO . Although Australia already has a couple of ETPs exposed to Bitcoin, Monochrome s spot BTC ETF will be theThis global trend underscores the increasing demand for regulated and accessible Bitcoin investment options.

Examples of International Spot Bitcoin ETF Success

United States: The approval of spot Bitcoin ETFs in the US led to significant inflows of capital into the cryptocurrency market, highlighting the pent-up demand for such products.
Hong Kong: The launch of spot Bitcoin ETFs in Hong Kong further demonstrated the growing global acceptance of Bitcoin as an investment asset.
United Kingdom: The UK's approval of spot Bitcoin ETFs provided additional validation of Bitcoin as a legitimate investment asset.

What are the Benefits of Investing in a Spot Bitcoin ETF?

Investing in a spot Bitcoin ETF, like the Monochrome Bitcoin ETF, offers several advantages compared to directly purchasing and holding Bitcoin:

Regulation and Security: ETFs are regulated investment vehicles, providing investors with a higher level of security and protection compared to directly holding Bitcoin, which is susceptible to theft and hacking.
Ease of Access: ETFs are easily accessible through traditional brokerage accounts, making it simple for investors to buy and sell shares.
Liquidity: ETFs offer high liquidity, allowing investors to buy and sell shares quickly and easily.
Transparency: The ETF's NAV is calculated daily, providing investors with transparency and accurate pricing.
Diversification: While the IBTC is focused solely on Bitcoin, investing in an ETF can be part of a broader diversified investment portfolio.

Potential Risks Associated with Bitcoin ETFs

While spot Bitcoin ETFs offer several advantages, it's important to be aware of the potential risks:

Volatility: Bitcoin is known for its price volatility, which can lead to significant fluctuations in the ETF's value.
Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving, which could impact the ETF's operations.
Market Risk: The value of Bitcoin can be affected by various market factors, including economic conditions, investor sentiment, and regulatory changes.
Management Fees: ETFs typically charge management fees, which can impact the overall return on investment.

How Does the Monochrome Bitcoin ETF Differ from Existing Crypto ETPs in Australia?

Australia already has a couple of ETPs (Exchange Traded Products) exposed to Bitcoin. Monochrome Asset Management is proud to announce the official launch of the Monochrome Bitcoin ETF (IBTC), Australia's first ETF that holds bitcoin directly. The Monochrome Bitcoin ETF will begin trading on the Cboe Australia exchange today, under the ticker IBTC, offering a new way for Australian investors to access bitcoin in a regulated and compliant manner.However, the key difference is that these existing ETPs do not hold physical Bitcoin.Instead, they might track the price of Bitcoin through derivatives or other indirect methods.The Monochrome Bitcoin ETF, in contrast, will directly hold Bitcoin, making it the first of its kind in Australia and aligning it with the structure of spot Bitcoin ETFs in the United States.

Understanding the NAV Calculation Process

The Net Asset Value (NAV) of the Monochrome Bitcoin ETF (IBTC) is a critical factor for investors. This launch follows a global trend of spot Bitcoin ETFs gaining approval in several major markets, including the United States, Hong Kong, and the United Kingdom, earlier in 2025. The introduction of IBTC marks a milestone for Australian investors seeking regulated and accessible Bitcoin investment options.It represents the per-share value of the underlying assets held by the ETF.Here's a breakdown of how the NAV will be calculated:

Bitcoin Valuation: The AUD value of the Bitcoin held by the ETF will be determined based on the CME CF Bitcoin Reference Rate Asia Pacific Variant.This reference rate provides a standardized and widely recognized benchmark for Bitcoin pricing.
Adjustments: The Bitcoin valuation will be adjusted to account for several factors:
- Management Fees: The ETF's management fees will be deducted from the Bitcoin valuation.
- Cash Holdings: The ETF's cash holdings will be added to the Bitcoin valuation.
- Liabilities: Any liabilities of the ETF will be deducted from the Bitcoin valuation.
Per-Share Calculation: The resulting value will then be divided by the number of outstanding shares of the ETF to arrive at the NAV per share.

How to Invest in the Monochrome Bitcoin ETF (IBTC)

Once the Monochrome Bitcoin ETF (IBTC) is approved and listed on the Cboe Australia exchange, investors will be able to purchase shares through their existing brokerage accounts. Although Australia already has a couple of ETPs exposed to Bitcoin, Monochrome s spot BTC ETF will be the first to hold physical Bitcoin for its ETF, similar to theHere's a general guide on how to invest:

Open a Brokerage Account: If you don't already have one, open an account with a brokerage firm that offers access to the Cboe Australia exchange.
Fund Your Account: Deposit funds into your brokerage account.
Search for IBTC: Use the ticker symbol ""IBTC"" to search for the Monochrome Bitcoin ETF on your brokerage platform.
Place Your Order: Enter the number of shares you want to purchase and place your order.
Monitor Your Investment: Keep an eye on the ETF's performance and adjust your investment strategy as needed.

The Role of Cboe Australia

Cboe Australia, formerly known as Chi-X Australia, is a global listing exchange where the Monochrome Bitcoin ETF is planned to be listed. Sui開発のMysten Labs AI監査ツールの開発を発表Choosing Cboe Australia as the listing exchange is a strategic move by Monochrome, as it offers a platform that's increasingly recognized for its innovation and efficiency.Listing on a reputable exchange like Cboe Australia adds credibility to the ETF and provides investors with a secure and transparent trading environment.

Future Implications for the Australian Cryptocurrency Market

The launch of the Monochrome Bitcoin ETF has the potential to significantly impact the Australian cryptocurrency market in several ways:

Increased Adoption: The ETF could lead to increased adoption of Bitcoin and other cryptocurrencies among Australian investors.
Greater Institutional Involvement: The ETF could attract greater institutional investment in the cryptocurrency market.
More Innovation: The success of the Monochrome Bitcoin ETF could spur further innovation in the Australian cryptocurrency investment market, leading to the development of new and innovative products.
Enhanced Regulatory Clarity: The launch of the ETF could contribute to greater regulatory clarity for the cryptocurrency market in Australia.

Expert Opinions and Market Analysis

Industry experts and market analysts are closely watching the development of the Monochrome Bitcoin ETF. Australian asset manager Monochrome plans to launch its flagship spot Bitcoin exchange-traded fund (ETF) on the global listing exchange Cboe Australia. Monochrome filed for the spot Bitcoin ETF in July 2025. The Monochrome Bitcoin ETF, if approved, will become Australia s first spot Bitcoin ETF to permit direct Bitcoin (BTC) holding.Many believe that the ETF has the potential to be a game-changer for the Australian cryptocurrency market, providing investors with a new and accessible way to gain exposure to Bitcoin.Some analysts have also noted that the ETF could attract significant inflows of capital, boosting the price of Bitcoin and further legitimizing the cryptocurrency as an investment asset.

Addressing Common Concerns and Misconceptions

It's important to address some common concerns and misconceptions about spot Bitcoin ETFs:

""ETFs are too complicated"": Spot Bitcoin ETFs are designed to be simple and accessible investment vehicles, making them suitable for a wide range of investors.
""Bitcoin is too risky"": While Bitcoin is a volatile asset, investing in a spot Bitcoin ETF allows investors to gain exposure to Bitcoin without the complexities of directly purchasing and holding the cryptocurrency.
""ETFs are just another way for Wall Street to profit"": Spot Bitcoin ETFs provide investors with a regulated and transparent way to invest in Bitcoin, offering a more secure and convenient alternative to directly purchasing and holding the cryptocurrency.

Conclusion: A New Era for Bitcoin Investment in Australia

The anticipated launch of the Australian Monochrome spot Bitcoin ETF by Monochrome Asset Management marks a significant milestone for the Australian financial market.As the first ETF to directly hold Bitcoin, the IBTC is poised to revolutionize how Australian investors engage with the digital asset. Monochrome s impending launch of Australia s first spot Bitcoin ETF marks a significant milestone in the country s financial landscape. With approval from the Australian Securities regulator ASIC and an anticipated green light from Cboe Australia, this ETF will provide investors with direct exposure to Bitcoin, offering a transparent andWith anticipated approval from Cboe Australia expected mid-2025, the IBTC will offer regulated, transparent, and accessible exposure to Bitcoin, paving the way for increased adoption and institutional involvement in the cryptocurrency market.While Bitcoin's inherent volatility remains a factor, the ETF structure mitigates many of the risks associated with direct ownership, making it an attractive option for both seasoned and novice investors.This launch signifies a pivotal shift, aligning Australia with the global trend of embracing Bitcoin as a legitimate investment asset and ushering in a new era of cryptocurrency investment opportunities for Australian investors.