Monochrome Brings First Aussie Bitcoin, Ethereum ETFs to Singapore Market
Australian crypto-asset firm Monochrome Group has registered its Bitcoin and Ethereum ETFs with the Monetary Authority of Singapore, marking a significant move into Southeast Asia's regulated digital asset market. CEO Jeff Yew highlighted the aim to provide institutions a better route to access Bitcoin amid increasing demand for regulated crypto products. The registered ETFs, named IBTC and IETH, cater to accredited and institutional investors requiring a minimum transaction of S$200,000. Monochrome has ensured the security of these products by partnering with BitGo Trust Company for custody services and is strategically expanding in the region with plans for regional offices in 2025. The move coincides with ongoing market turbulence, with institutional investors increasingly viewing compliant digital assets as a hedge against economic instability. Monochrome's offerings are poised to integrate crypto into mainstream finance through designated compliance frameworks, contrasting with less structured approaches in other markets.
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