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  • Monochrome is considering a spot bitcoin ETF in Australia, adding to an already crowded market in the country.
  • The fund partner received one-time regulatory approval to offer direct exposure to bitcoin.
  • The US continues to lag in the spot Bitcoin ETF ecosystem.

Monochrome Bitcoin Fund will launch another spot bitcoin exchange-traded fund (ETF) in Australia with a unique form of regulatory approval, according to a report from the Financial standard.

The responsible entity and custodial partner of bitcoin-focused asset manager, Vasco Trustees, received a license to operate spot crypto ETFs on Tuesday. In addition, Vasco has also received accreditation from the Australian Financial Services (AFS) through the Australian Securities and Investments Commission (ASIC), giving the fund crypto-asset authorization.

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