Monochrome Announces Strategic Move to Cboe Australia for Flagship Bitcoin ETF


Monochrome Announces Strategic Move to Cboe Australia for Flagship Bitcoin ETF_March 2024-1600x900.png

BRISBANE, 5 April 2024 – Monochrome Asset Management, an Australian investment management firm with a focus on regulated digital asset products, today announced its strategic decision to move its application for its flagship product - the Monochrome Bitcoin ETF, to exchange Cboe Australia.

The quotation of the fund is subject to market operator and regulatory approvals.

This move underscores Monochrome's commitment to providing investors with secure, accessible, and innovative investment products in the evolving crypto asset landscape.

Cboe Australia is one of five of Cboe Global Markets (“Cboe") global listings exchanges and leverages Cboe’s esteemed 51-year history as a market operator and its place at the forefront of financial innovation in trade execution venues for investors in North America, Europe and Asia Pacific.

This application aligns with Monochrome’s vision to deepen its presence in Asian markets, leveraging Cboe's network and expertise in serving diverse investment needs.

Selecting Cboe Australia as the listing venue for the Monochrome Bitcoin ETF underscores key factors in line with the firm’s strategic goals:

  • Established Reputation: Cboe’s more than half-century legacy as a market operator, both overseas and in the Asia Pacific region aligns with Monochrome's commitment to excellence and innovation in financial markets.

  • Strategic Positioning: This collaboration enables Monochrome to tap into the vibrant and growing investment landscape in Asia, benefiting from Cboe’s market position and expertise in the region.

  • Investor Access: Quoting on Cboe Australia facilitates broader access for investors looking to diversify their portfolios with crypto-asset investment products.

Monochrome's application to Cboe Australia reaffirms the firm’s dedication to adhering to the highest standards of regulatory compliance and market integrity, ensuring investors receive the best-in-class service and product offerings.

"We are proud to work with Cboe Australia to bring Monochrome's new bitcoin ETF to market*, expanding the investment universe for Australian Investors. As leaders in digital assets globally, their established track record and commitment to innovation and safe market accessibility aligns with Monochrome’s strategic objectives" said Jeff Yew, CEO at Monochrome. "Quotation of Cboe would enrich our product offering and strengthen Monochrome’s foothold in the Asia Pacific region."

The Monochrome Bitcoin ETF stands as the first spot Bitcoin ETF in Australia which allows direct holding of bitcoin.

For more information about the Monochrome Bitcoin ETF, please visit our website here.

*The quotation of the Monochrome Bitcoin ETF on Cboe Australia is subject to market operator and regulatory approvals.

About Monochrome Asset Management

Monochrome Asset Management is the investment manager of the Monochrome Bitcoin Trust (IBTC). The firm is authorised under an Australian financial services licence specifically authorised for investing in crypto-asset investments.

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Contact Information:

Monochrome Asset Management,

Subject to regulatory approvals, the Monochrome Bitcoin ETF will be a registered managed investment scheme. The Monochrome Bitcoin ETF is proposed for launch in Q2, 2024. Monochrome Asset Management Pty Ltd ABN 80 647 701 246 will be the Investment Manager for the Monochrome Bitcoin ETF and is a Corporate Authorised Representative of Vasco Trustees Ltd ABN 71 138 715 009 | AFSL 344486. Vasco Trustees Limited will be the Responsible Entity for the Monochrome Bitcoin ETF and the issuer of its Product Disclosure Statement (PDS) and Target Market Determination (TMD). Interests in the Monochrome Bitcoin ETF are not currently available for subscription and the PDS and TMD will be made available at prior to the commencement of trading. Investors should consider the PDS and TMD in deciding whether to invest in the Monochrome Bitcoin ETF. This information is general in nature and is not financial advice. It does not take into account any person’s individual objectives, financial situation or needs. Before making an investment decision investors should read the PDS and TMD, and with the assistance of a financial adviser, consider if the investment is appropriate for their circumstances.

Monochrome Asset Management

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