TOL - 18th Oct, 2024
Australia's first direct spot Bitcoin ETF has launched. Here's where you will find it
After more than a decade of usage and years of building an investment case, the first direct spot Bitcoin ETF has arrived in Australia.
•
Sponsored
Print Wire
Note: This Fund in Focus was taped on Wednesday 9 October 2024. The Monochrome Bitcoin ETF is now live on the CBOE exchange while its Ethereum equivalent is listing shortly, pending any last regulatory approvals.
Despite all its sceptics and haters, cryptocurrency has entered the mainstream conversation in a way that not many asset classes have been able to do. Since the Bitcoin network was founded in January 2009, a flood of cryptocurrencies have been created and launched - with varying degrees of uptake and success. But the original is - much like Elton John and his song - still standing!
The biggest challenge for Bitcoin investors in particular over the last few years has been garnering institutional interest and addressing regulatory concerns. This ongoing dialogue has been particularly visible in the context of launching cryptocurrency-linked ETFs.
After more than 15 years, Australia finally has a pure play exposure option for tracking the asset value change of Bitcoin itself, thanks to the Monochrome Bitcoin ETF (CBOE: IBTC), which launched on-market recently.
Monochrome COO Bridget Nichols says they're not stopping there. An equivalent Australian-first Ethereum product will launch in the coming weeks.
To explain it all to us and to answer the inevitable questions that investors still have about this asset class, Nichols joined us for our Fund in Focus series.
Timestamps
- 0:00 - Intro
- 0:41 - Tell us about Monochrome and the role you play in the cryptocurrency market.
- 1:53 - What was the thesis for launching this product?
- 3:33 - What makes the Monochrome product special?
- 5:03 - What is the investment case for Bitcoin?
- 6:09 - How would this ETF answer crypto's sceptics?
- 7:14 - How is a direct spot Bitcoin ETF different from other cryptocurrency ETPs?
- 8:08 - What are the key risks investors should consider?
- 9:38 - How can investors access this product?
ETF
Monochrome Bitcoin ETF (IBTC)
Alternative Assets
View
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
This is an archived profile. Hans was a senior editor at Livewire Markets from April 2022 to February 2025.
........
Cboe Disclaimer
Cboe Australia is the holder of an Australian Markets Licence to operate a financial market in Australia. This information is provided for informational purposes only. It does not take into account the particular investment objectives, financial situation, or needs of any individual or entity. Under no circumstances is it to be used as a basis for, or considered as an offer to, become a participant of or trade on Cboe Australia or undertake any other activity or purchase or sell any security, or as a solicitation or recommendation of the purchase, sale, or offer to purchase or sell any security. While the information has been obtained from sources deemed reliable, neither Cboe Australia nor its licensors, nor any other party through whom the user obtains any such information: (i) makes any guarantees that it is accurate, complete, timely, or contains correct sequencing of information; (ii) makes any warranties with regard to the results obtained from its use; or (iii) shall have any liability for any claims, losses, or damages arising from or occasioned by any inaccuracy, error, delay, or omission, or from the use of the information or actions taken in reliance on the information. Reproduction or redistribution of this information is prohibited except with written permission from Cboe Australia.
Livewire Disclaimer
Livewire gives readers access to information and educational content provided by financial services professionals and companies (“Livewire Contributors”). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.
3 topics
1 stock mentioned
1 fund mentioned
1 contributor mentioned
This is an archived profile. Hans was a senior editor at Livewire Markets from April 2022 to February 2025.
Expertise
This is an archived profile. Hans was a senior editor at Livewire Markets from April 2022 to February 2025.
Expertise
Comments
Comments
Sign In or Join Free to comment