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Jun 04, 2024

CFB Talks Digital Assets Episode 26: Monochrome's Grayson McLeod on Australia's first direct access Bitcoin ETF

One of our earliest and longest-standing clients, Monochrome, just 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 still the only one operating under Oz's Crypto Authorised License framework
  • How full adherence puts IBTC in pole position for potential mega allocations from the Australia's mandatory superannuation pensions system
  • Why Monochrome switched the listing 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

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.


Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.