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News Explorer — First Spot Bitcoin ETF in Australia Will Begin Trading Tomorrow

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Jun 3, 9:44 am
bitcoinmagazine.com

First Spot Bitcoin ETF in Australia Will Begin Trading Tomorrow

Australia is set to launch its first spot Bitcoin exchange-traded fund (ETF) tomorrow, joining other countries that have already introduced similar products. Monochrome Asset Management will be offering the Bitcoin ETF (IBTC), which will trade under the ticker IBTC and have a management fee of 0.98%. The ETF will track the CME CF Bitcoin Reference Rate index, providing investors with exposure to the spot price of bitcoin in a regulated framework.

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