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Monochrome Modifies Its Spot Bitcoin ETF Application
Australian asset manager Monochrome has done some modifications to its application to offer a spot Bitcoin BTC exchange-traded fund (ETF). According to a July 14 announcement, Monochrome will offer the ETF – Monochrome Bitcoin ETF, on the Australian Securities Exchange (ASX) through its partner Vasco Trustees.
Monochrome Anticipates Approval, Says License May Help Shape Aussie’s Regulatory Space
Revealing in a statement, CEO Jeff Yew hinted that Monochrome is in high spirits to bag the approval. According to him, obtaining a license will not only expose Australian retail investors to Bitcoin. He believes it will also help to strengthen the regulatory environment. To this end, he said:
“Through a Bitcoin ETF, it makes it possible for them to buy and use the asset class however they see fit with the investment choices [and] in a regulated manner, and also operating within the regular regulatory perimeter.”
Yew furth
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