Monochrome's Grayson McLeod on Australia’s first direct access Bitcoin ETF
CFB Talks Digital Assets · CF Benchmarks
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Show Notes
Recorded May 22, 2024. One of our earliest and longest-standing clients, Monochrome, today forged another major step for institutional digital asset adoption in Australia, by listing Monochrome Bitcoin ETF (ticker: IBTC), the first and only Aussie fund that invests directly in Bitcoin.
We were lucky enough to grab half an hour with their busy Head of ETF Operations Grayson McLeod, just ahead of the listing, for the latest episode of CFB Talks Digital Assets.
Listen in to hear what it takes to launch a proper Bitcoin ETF in Australia, and about the biggest untapped institutional opportunity for crypto there.
Just a few of the many highlights↓
▪︎ Why IBTC really is the first and - still - Australia’s only pure play Bitcoin ETF -- it’s the only one operating under Australia’s Crypto Authorised License framework
▪︎ How full adherence puts IBTC in pole position for potential mega allocations from Australia’s mandatory superannuation pensions system
▪︎ Why Monochrome switched to Cboe Australia from ASX. And why it’s ultimately been beneficial, particularly in view of the firm’s long-term plans
▪︎ The importance of IBTC’s move to our CME CF Bitcoin Reference Rate - Asia Pacific (BRRAP) for its benchmark, as liquidity becomes more evenly distributed across major time zones