Australia's first 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 spot Bitcoin ETF has arrived in Australia.
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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 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?
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Monochrome Bitcoin ETF (IBTC)
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Hans is one of Livewire's senior editors, specialising in global markets and economics. He is the creator and presenter of Livewire's "Signal or Noise". He is also one of the writers of Livewire's Weekend Edition newsletter.
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Hans is one of Livewire's senior editors, specialising in global markets and economics. He is the creator and presenter of Livewire's "Signal or Noise". He is also one of the writers of Livewire's Weekend Edition newsletter.
Expertise
Hans is one of Livewire's senior editors, specialising in global markets and economics. He is the creator and presenter of Livewire's "Signal or Noise". He is also one of the writers of Livewire's Weekend Edition newsletter.
Expertise
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