{"id":1146,"date":"2024-06-03T09:44:14","date_gmt":"2024-06-03T09:44:14","guid":{"rendered":"http:\/\/ci02df0491d0002433"},"modified":"2024-06-03T09:44:14","modified_gmt":"2024-06-03T09:44:14","slug":"australias-first-spot-bitcoin-etf-to-begin-trading-tomorrow","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/australias-first-spot-bitcoin-etf-to-begin-trading-tomorrow","title":{"rendered":"Australia\u2019s First Spot Bitcoin ETF To Begin Trading Tomorrow"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Australia is set to join the growing list of countries offering a spot <a href=\"https:\/\/bitcoinmagazine.com\/guides\/best-bitcoin-only-exchanges\">Bitcoin exchange<\/a>-traded fund (ETF), with the launch of the country&#8217;s first such product expected tomorrow.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: \ud83c\udde6\ud83c\uddfa Australia&#39;s first spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> ETF to go live tomorrow.<\/p>\n<p>Are you prepared? \ud83d\ude80 <a href=\"https:\/\/t.co\/EfKqdMU48P\">pic.twitter.com\/EfKqdMU48P<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1797543991950614917?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Monochrome Asset Management announced that Bitcoin ETF (IBTC) <a href=\"https:\/\/www.monochrome.au\/products\/monochrome-bitcoin-etf\" target=\"_blank\" rel=\"noopener\">will begin trading on June 4th<\/a>, pending any last-minute delays. The ETF will trade under the ticker IBTC and carry a management fee of 0.98%.<\/p>\n<p>Monochrome Asset Management, the issuer, offers the fund as a means for investors to gain exposure to Bitcoin in a regulated framework. <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">The ETF<\/a> tracks the CME CF Bitcoin Reference Rate index, providing exposure tied directly to the spot price of bitcoin.<\/p>\n<p>Cboe will become the first Australian exchange to list a bitcoin ETF, beating the larger Australian Securities Exchange (ASX) to the market. However, <a href=\"https:\/\/bitcoinmagazine.com\/business\/first-bitcoin-etf-to-launch-in-australia-in-2024-bloomberg\">according to reports<\/a>, the ASX is also planning to approve spot Bitcoin ETFs before the year&#8217;s end.<\/p>\n<p>The launches tap into surging interest following the breakthrough regulatory approval of Bitcoin ETFs in the <a href=\"https:\/\/bitcoinmagazine.com\/markets\/approved-spot-bitcoin-etfs-to-trade-on-us-markets-in-historic-milestone\">US market this January<\/a>. Those products ignited massive inflows from both institutional and retail investors.<\/p>\n<p>Australia is now poised to follow suit in offering investors easy and secure exposure to bitcoin without direct ownership. As a strictly passive ETF, IBTC removes the technical challenges of buying real Bitcoin while providing the return profile tied to bitcoin&#8217;s price.<\/p>\n<p>Regulated Bitcoin ETFs have launched this year across North America, <a href=\"https:\/\/bitcoinmagazine.com\/business\/bitcoin-etps-get-approval-to-list-on-the-london-stock-exchange\">UK<\/a>, Europe and Asia-Pacific. Australia&#8217;s entrance reflects the broader embrace of Bitcoin as an institutional asset class.<\/p>\n<p>Other countries are likely to follow, with major markets now offering spot Bitcoin ETFs. The regulated wrapper provides legitimacy and gives investors a straightforward way to gain exposure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia&#8217;s first spot Bitcoin ETF, the Monochrome Bitcoin ETF (IBTC), is set to begin trading on CBOE tomorrow, marking a new milestone for Bitcoin adoption in Australia.<\/p>\n","protected":false},"author":2513,"featured_media":1005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[275,332,586,93],"class_list":{"0":"post-1146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-australia","9":"tag-bitcoin-spot-etf","10":"tag-cboe","11":"tag-news"},"author_data":{"id":2513,"name":"Vivek Sen","nicename":"vivek-sen-bitcoin","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/cropped-vivek-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/aus-bit-scaled.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2513"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=1146"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/1005"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=1146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=1146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=1146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}