Australia Joins the Crypto Wave: First Spot Bitcoin ETF Goes Live Tomorrow!
The post Australia Joins the Crypto Wave: First Spot Bitcoin ETF Goes Live Tomorrow! appeared first on Coinpedia Fintech News
Following the footsteps of the US, the UK, Europe, and Asia Pacific Nations, Australia has now joined the ranks of countries offering spot Bitcoin ETF trading. This news has sparked hope in investors, as Bitcoin is gaining global recognition.
Keep reading to find out everything you need to know about Australia’s groundbreaking Bitcoin ETF!
Monochrome Bitcoin ETF Set to LaunchThe Monochrome Bitcoin ETF (IBTC) is set to begin trading on the Cboe Australia exchange. This announcement has positively impacted Bitcoin’s price, pushing it up to $69,000 from its previous level of around $67,650.
On June 4th, 2024, Monochrome Asset Management will launch its spot Bitcoin ETF in Australia under the ticker IBTC, with a management fee of 0.98%.
BIG BREAKING 