Monochrome Asset Management plans to launch Australia's first direct spot Bitcoin ETF on Cboe Australia, pending ASX approval.

Monochrome Asset Management plans to launch Australia's first direct spot Bitcoin ETF on Cboe Australia in two months, following approval from the Australian Securities Exchange (ASX). The company's Bitcoin ETF, if approved, will directly invest in Bitcoin, unlike existing Australian ETPs, which do not directly hold Bitcoin. Monochrome aims for a decision from Cboe Australia by mid-2024.