Australia’s First Spot Bitcoin ETF With Direct Holdings Officially Begins Trading

Australia joins the US, Hong Kong, and more in launching a spot Bitcoin ETF this year.

Jun 4, 2024 - 10:30
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Australia’s First Spot Bitcoin ETF With Direct Holdings Officially Begins Trading

Australia now officially has its first spot Bitcoin ETF that directly holds BTC. The Monochrome Asset Management's Bitcoin ETF (IBTC) just began trading as the Cboe Australia exchange opened. Trading under the ticker IBTC, the ETF carries a management fee of 0.98%.