{"id":25622,"date":"2024-06-04T01:02:53","date_gmt":"2024-06-04T01:02:53","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/06\/04\/australias-first-spot-bitcoin-etf-with-direct-holdings-officially-begins-trading\/"},"modified":"2024-06-04T01:02:53","modified_gmt":"2024-06-04T01:02:53","slug":"australias-first-spot-bitcoin-etf-with-direct-holdings-officially-begins-trading","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/06\/04\/australias-first-spot-bitcoin-etf-with-direct-holdings-officially-begins-trading\/","title":{"rendered":"Australia\u2019s First Spot Bitcoin ETF With Direct Holdings Officially Begins Trading"},"content":{"rendered":"<p>Australia now officially has its first spot Bitcoin ETF that directly holds BTC. The\u00a0<a href=\"https:\/\/www.monochrome.au\/products\/monochrome-bitcoin-etf\">Monochrome Asset Management&#8217;s Bitcoin ETF<\/a> (IBTC) just began <a href=\"https:\/\/www.cboe.com\/market_data_services\/au\/equities\/\">trading<\/a>\u00a0as the Cboe Australia exchange opened.\u00a0Trading under the ticker IBTC, the ETF carries a management fee of 0.98%.<\/p>\n<p>BREAKING: \ud83c\udde6\ud83c\uddfa Australia&#8217;s first spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF to hold <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> directly officially begins trading. <a href=\"https:\/\/t.co\/k4OPyPDm5O\">pic.twitter.com\/k4OPyPDm5O<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1797784475293663672?ref_src=twsrc%5Etfw\">June 4, 2024<\/a><\/p>\n<p>This milestone makes IBTC the first fund in the country to offer direct Bitcoin holdings, providing investors with straightforward access to BTC.\u00a0This new product stands apart from the two existing spot Bitcoin ETFs in Australia, which provide exposure to spot Bitcoin without holding Bitcoin directly. Monochrome&#8217;s ETF fills this gap, by providing an ETF that actually holds Bitcoin.<\/p>\n<p>\u201cBefore IBTC, Australian investors were only able to invest in ETFs that indirectly hold bitcoin or through offshore bitcoin products, both of which don\u2019t benefit from the investor protection rules under the directly held crypto asset Australian Financial Services Licensing (AFSL) licensing regime,\u201d the company <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/06\/03\/australiass-first-spot-bitcoin-etf-with-direct-btc-holdings-to-go-live-on-tuesday\/\">stated<\/a>.<\/p>\n<p>This development in Australia follows the successful launch of spot Bitcoin ETFs in the United States earlier this year. These ETFs have seen considerable success, reflecting strong investor interest and confidence in Bitcoin. Additionally, Bitcoin ETPs have gone live on the London Stock Exchange, and Bitcoin Exchange-Traded Commodities (ETCs) have gone live in Germany as well, further highlighting the global trend towards accessible Bitcoin investment products.<\/p>","protected":false},"excerpt":{"rendered":"<p>Australia now officially has its first spot Bitcoin ETF that directly holds BTC. The\u00a0Monochrome Asset Management&#8217;s Bitcoin ETF (IBTC) just began trading\u00a0as the Cboe Australia exchange opened.\u00a0Trading under the ticker IBTC, the ETF carries a management fee of 0.98%. BREAKING: \ud83c\udde6\ud83c\uddfa Australia&#8217;s first spot #Bitcoin ETF to hold #BTC directly officially begins trading. pic.twitter.com\/k4OPyPDm5O \u2014 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25622","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25622"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=25622"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25622\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=25622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=25622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=25622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}