| Взгляд HTX

CoinDeskPolicyОпубликовано 2024-04-04Обновлено 2024-04-05

Введение

The Monochrome Bitcoin ETF is a flagship product of the firm and was initially expected to be listed with Cboe Australia's larger rival, ASX, where larger volumes are availabl...

The asset manager has taken one step closer to giving Australia its first spot Bitcoin ETF to allow direct holding of bitcoin.
Monochrome has listed its flagship product, a spot bitcoin ETF, with the global listing exchange, Cboe Australia, instead of ASX, and expects a decision before mid-2024.

Australia-based Monochrome Asset Management has applied for a spot bitcoin (BTC) exchange traded fund (ETF) with the global listing exchange, Cboe Australia, the firm announced on Friday.

If approved, the Monochrome Bitcoin ETF could be the first spot bitcoin ETF in Australia which allows direct holding of bitcoin. Australia already has two exchange-traded products providing exposure to spot crypto assets on Cboe Australia but they do not hold bitcoin directly.

The Monochrome Bitcoin ETF is a flagship product of the firm. It could have also been listed with Cboe Australia's larger rival, ASX, where larger volumes are available. In January 2024, Monochrome Asset Management's head of legal and compliance Derek Vladimir Henningsen told CoinDesk that they anticipated their bitcoin ETF would be listed in the second quarter of the year.

The announcement said the firm selected Cboe Australia as the listing venue for its bitcoin ETF because it aligns with its strategic goals to work with a market operator with an established reputation, strategic position and expertise across Asia, and broader investor access.

In Australia, unlike the U.S., firms have to first get approval from the regulator, the Australian Securities Exchange (ASX), and then apply to an exchange for listing the product. Monochrome has already got approval from ASX for its product.

"We expect a decision from Cboe Australia about our bitcoin ETF application before the middle of the year," said Jeff Yew, Monochrome Asset Management CEO.

Cboe Australia is one of five of Cboe Global Markets' global listings exchanges.

Edited by Parikshit Mishra.

Похожее

Cook's Curtain Call and Ternus Takes the Helm: The Disruption and Reboot of Apple's 4 Trillion Dollar Empire

Tim Cook has officially announced he will step down as CEO of Apple in September, transitioning to executive chairman after a 15-year tenure during which he grew the company’s market value from around $350 billion to nearly $4 trillion. He will be succeeded by John Ternus, a 50-year-old hardware engineering veteran who has been groomed for the role through increasing public visibility and internal responsibility. Ternus’s appointment signals a strategic shift toward hardware and engineering leadership, with Johny Srouji—head of Apple Silicon—taking on an expanded role as Chief Hardware Officer. This consolidation aims to strengthen Apple’s core technological capabilities. However, Cook’s departure highlights a significant unresolved issue: Apple’s delayed and fragmented approach to artificial intelligence. Despite early efforts, such as hiring John Giannandrea from Google in 2018, Apple’s AI initiatives—particularly around Siri—have struggled with internal restructuring and reliance on external partnerships, including with Google. The transition comes at a critical moment as Apple faces paradigm shifts with the rise of artificial general intelligence (ASI). The company’s closed ecosystem of hardware, software, and services—once a major advantage—now presents challenges in adapting to an AI-centric world where intelligence may matter more than the device itself. Ternus must quickly articulate a clear AI strategy, possibly starting at WWDC, to reassure markets and redefine Apple’s role in a new technological era. His task is not only to maintain Apple’s operational excellence but also to reinvigorate its capacity to innovate and lead in the age of AI.

marsbit51 мин. назад

Cook's Curtain Call and Ternus Takes the Helm: The Disruption and Reboot of Apple's 4 Trillion Dollar Empire

marsbit51 мин. назад

W3.io and Space and Time Collaborate to Launch Verifiable AI Finance Infrastructure

W3.io and Space and Time have partnered to launch a verifiable AI finance infrastructure designed to address the accountability gap in autonomous financial operations. The collaboration combines W3’s platform for creating and automating agent-powered financial workflows with Space and Time’s verifiable data blockchain, ensuring end-to-end proof from execution to settlement. This two-layer verification system processes over 200,000 operations daily and has been validated in production by Creatorland, a platform serving 100,000 content creators. The partnership enables businesses to deploy multi-vendor financial processes quickly and auditably, with support from integrations including Circle, Stripe, and PayPal. The system provides a trust layer for autonomous financial movements, ensuring data integrity and operational transparency beyond traditional cloud databases.

TheNewsCrypto3 ч. назад

W3.io and Space and Time Collaborate to Launch Verifiable AI Finance Infrastructure

TheNewsCrypto3 ч. назад

New York AG Sues Coinbase, Gemini Over Alleged State Law Violations

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini, alleging their prediction markets violate state gambling laws. The complaint argues these platforms operate as unlicensed gambling activities since outcomes rely on chance, not skill. Both companies are also accused of allowing users under 21, the legal age for mobile sports betting in New York. The suit seeks restitution for customers, repayment of illegal profits, civil penalties, and restrictions on marketing, including a ban on promoting services on college campuses. Following the news, Coinbase's stock fell roughly 10%, while Gemini's dropped about 4%.

bitcoinist4 ч. назад

New York AG Sues Coinbase, Gemini Over Alleged State Law Violations

bitcoinist4 ч. назад

Crypto Extortion Hits Strait Of Hormuz As Scammers Exploit Shipping Crisis

An emerging crypto extortion scam is targeting shipping companies with vessels stranded near the Strait of Hormuz, according to maritime risk firm Marisks. Criminals posing as Iranian security officials are sending fraudulent messages offering safe passage in exchange for transit fees paid in Bitcoin or Tether. The scam exploits desperation amid the ongoing regional conflict, which has severely restricted movement through the critical waterway. Victims are instructed to submit documents and pay a cryptocurrency fee to secure transit. However, the messages are not from Iranian authorities. Paying could not only result in financial loss but also potentially violate international sanctions, as any crypto transfer linked to Iranian entities may be considered material support. Legal risks remain even if companies are defrauded. The scheme appears to capitalize on earlier reports that Iran was considering a real crypto-based toll system.

bitcoinist7 ч. назад

Crypto Extortion Hits Strait Of Hormuz As Scammers Exploit Shipping Crisis

bitcoinist7 ч. назад

MIT Researcher Proposes New Path To Make Bitcoin Quantum-Safe

MIT Digital Currency Initiative director Neha Narula proposes a practical, staged approach to make Bitcoin quantum-safe. She argues that Bitcoin should immediately implement low-risk defenses through a soft fork, rather than waiting for full consensus on more complex issues. Her recommended solution involves deploying a post-quantum output type like P2MR (BIP 360) along with a new quantum-resistant signature opcode. This would allow users to securely migrate their funds to quantum-resistant addresses, provided they avoid address exposure. While this doesn’t resolve all challenges—such as how to handle inactive or lost coins—Narula emphasizes that immediate action reduces risk and provides time to gather data before a cryptographically relevant quantum computer emerges. She dismisses alternative proposals as impractical for broad use and acknowledges tradeoffs, such as reduced privacy efficiency, but insists progress shouldn’t be delayed by unresolved governance debates.

bitcoinist8 ч. назад

MIT Researcher Proposes New Path To Make Bitcoin Quantum-Safe

bitcoinist8 ч. назад

Торговля

Спот

Фьючерсы