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International Business Times
International Business Times
Business
Marvie Basilan

Monochrome Spot Bitcoin ETF Goes Live In Australia, Analyst Says It's Not Country's First

Bitcoin AUS Australia ETF United States Eric Balchunas CBOE Global X
Monochrome's IBTC started trading in Australia Tuesday. (Credit: Monochrome Twitter Video/Screenshot)

KEY POINTS

  • IBTC beats out Global X – 21Shares' EBTC as the former offers a 0.98% management fee
  • Monochrome has said IBTC is 'Australia's first ETF that holds Bitcoin directly'
  • Interest in spot BTC ETFs have skyrocketed since the US approved the funds in January

Australian asset manager Monochrome's spot Bitcoin exchange-traded fund (ETF), the Monochrome Bitcoin Trust (IBTC), has gone live on Cboe Australia with a management fee of 0.98%.

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