Monochrome Group registers Bitcoin and Ethereum ETFs in Singapore
The ETFs require a minimum transaction of S$200,000 and address rising demand for regulated digital asset products.
Australian crypto firm Monochrome Group has successfully registered its Bitcoin and Ethereum exchange-traded funds (ETFs) with the Monetary Authority of Singapore, marking a significant expansion into Southeast Asia. This move comes in response to rising institutional demand for regulated digital asset products.
The Bitcoin ETF (IBTC) and Ethereum ETF (IETH) are now available to accredited and institutional investors, with a minimum transaction of S$200,000. These ETFs cater to diverse institutional needs, offering both Bitcoin and cash subscriptions and redemptions. Monochrome’s CEO, Jeff Yew, stressed that the firm is focused on building long-term infrastructure rather than short-term market fluctuations.
Monochrome’s expansion is also backed by a strategic partnership with Anadara Capital and an enhanced security infrastructure through BitGo Trust Company for custody services. The firm plans to set up regional offices in Southeast Asia by 2025, with a strong focus on regulatory compliance and institutional engagements.
As the demand for regulated crypto products grows amid global market turbulence, Monochrome’s ETFs offer a compliant solution for institutions looking to hedge against geopolitical and economic instability, positioning the firm at the forefront of Asia’s crypto regulatory hub.
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