• Australia set to debut its first spot Bitcoin ETF, marking a milestone for cryptocurrency adoption in the country.
• Coinbase targets Australia’s $600 billion pension market with new crypto services for retirees.
• Wisconsin’s state investment board makes a splash with a $160 million Bitcoin ETF purchase.

Australia is set to join the growing ranks of countries offering spot Bitcoin Exchange-Traded Funds (ETFs) with the expected launch of its first such product the next day.

Barring any last-minute delays, Monochrome Asset Management has announced its Bitcoin ETF (IBTC) will begin trading on June 4. Trading under the ticker IBTC, the ETF will carry a 0.98% management fee. Monochrome Asset Management, the ETF’s sponsor, is offering this fund as a way for investors to gain exposure to Bitcoin within a regulated framework.

By tracking the CME CF Bitcoin Reference Rate index, the ETF will provide exposure directly correlated with the spot price of Bitcoin. This launch marks a significant milestone for…

The post Bitcoin ETFs Go Live in Australia: Will This Spark a Global Trend? appeared first on Coin Edition.

• Australia set to debut its first spot Bitcoin ETF, marking a milestone for cryptocurrency adoption in the country.
• Coinbase targets Australia’s $600 billion pension market with new crypto services for retirees.
• Wisconsin’s state investment board makes a splash with a $160 million Bitcoin ETF purchase.

Australia is set to join the growing ranks of countries offering spot Bitcoin Exchange-Traded Funds (ETFs) with the expected launch of its first such product the next day.

Barring any last-minute delays, Monochrome Asset Management has announced its Bitcoin ETF (IBTC) will begin trading on June 4. Trading under the ticker IBTC, the ETF will carry a 0.98% management fee. Monochrome Asset Management, the ETF’s sponsor, is offering this fund as a way for investors to gain exposure to Bitcoin within a regulated framework.

By tracking the CME CF Bitcoin Reference Rate index, the ETF will provide exposure directly correlated with the spot price of Bitcoin. This launch marks a significant milestone for…

The post Bitcoin ETFs Go Live in Australia: Will This Spark a Global Trend? appeared first on Coin Edition.