Australian asset management company Monochrome applied to Cboe Australia to list its spot Bitcoin ETF, and a decision is expected in the middle of the year

PANews reported on April 5 that according to CoinDesk, Australia-based Monochrome Asset Management announced on Friday that it had applied for a spot Bitcoin ETF to the global listed exchange Cboe Australia. If approved, the Monochrome Bitcoin ETF would be Australia’s first spot Bitcoin ETF to allow direct holding of Bitcoin. Australia has launched two exchange-traded products on Cboe Australia that offer exposure to spot crypto assets, but they do not hold Bitcoin directly. In January 2024, Derek Vladimir Henningsen, head of legal and compliance at Monochrome Asset Management, stated that they expected a Bitcoin ETF to be listed in the second quarter of this year.

Unlike the United States, in Australia, companies must first obtain approval from the regulator, the Australian Securities Exchange (ASX), and then apply to the exchange to list their products. Monochrome's products are approved by the Australian Securities Exchange. “We expect Cboe Australia to make a decision on our Bitcoin ETF application by the middle of this year,” said Monochrome CEO Jeff Yew. Cboe Australia is one of five globally listed exchanges on CBOE Global markets.