Monochrome Eyes Spot Bitcoin ETF In Australia, U.S. Lags Behind
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....
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The CEO of Monochrome Asset Management says their license approval represents a significant step forward for both the advice industry and retail investors. Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF). Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as until this point, approved crypto ETFs in Australia only operate under general financial asset authorization and only indirectly hold crypto-assets.....
Samson Mow, Charlie Lee, Wei Zhou and Kain Warwick were the main contributors to the Monochrome private sale, which concluded last week. Australian digital asset manager Monochrome has concluded a $1.8 million Series A fundraiser led by some of crypto’s most influential entrepreneurs, underscoring the growing potential of institutional-grade crypto-asset solutions. The cash injection will be used by Monochrome to develop new products specializing in Bitcoin (BTC) and other digital assets, the company said. The Series A was co-led by Litecoin creator Charlie Lee, Blockstream chief strategy....
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The first bitcoin spot ETF in Australia has been delayed, reportedly by a ‘prime’ broker, and it is unclear when it will start trading.
The former head of the world's first publicly-listed blockchain firm the is new CEO of Binance’s Australian subsidiary. Binance Australia has announced the appointment of Leigh Travers, the former chief executive of local blockchain technology and payments firm DigitalX, as the company’s new CEO.Travers has worked at DigitalX for seven years, and previously served on the board of leading local blockchain industry body, Blockchain Australia. In June 2014, DigitalX became the world’s first publicly-listed blockchain firm after completing a reverse takeover of the Australian Stock....