- Australian firm Monochrome Group registers Bitcoin and Ethereum ETFs with Singapore‘s monetary authority, requiring minimum S$200,000 per transaction.
- ETFs will support both Bitcoin and cash subscriptions/redemptions, targeting institutional investors.
- Partnership with Anadara Capital and custody services from BitGo Trust Company strengthen institutional infrastructure.
- Regional expansion planned through 2025, focusing on regulatory compliance and institutional engagement.
- Strategic move coincides with Asia’s emerging role as a crypto regulatory hub amid Western market uncertainty.
Australian crypto-asset manager Monochrome Group has secured registration for its Bitcoin (IBTC) and Ethereum (IETH) ETFs with Singapore’s regulatory authority, marking a significant step in institutionalizing digital asset investment in Southeast Asia. The funds are structured as restricted schemes, catering exclusively to accredited investors.
CEO Jeff Yew emphasized the strategic importance of the expansion: “We’re bringing Monochrome to South East Asia, starting with getting the first Australian Bitcoin ETF registered with the Monetary Authority of Singapore.”
The ETFs’ registration comes at a crucial time for cryptocurrency markets, which recently experienced a significant downturn resulting in over $2 billion in liquidations. Despite market volatility, Monochrome has strengthened its institutional infrastructure through a partnership with Anadara Capital and secured custody services from BitGo Trust Company.
The minimum investment threshold of S$200,000 per transaction positions these products squarely in the institutional market segment. This approach aligns with Singapore’s careful balance between innovation and regulatory oversight in digital assets.
Yew addressed recent market turbulence, stating: “It’s not about chasing price moves—it’s about building real infrastructure and giving institutions, investors, and even governments better access to Bitcoin.”
The expansion follows Monochrome’s earlier milestone of launching Australia‘s first spot Ethereum ETF on Cboe in October 2023. The firm’s regional growth strategy includes establishing offices across Southeast Asia by 2025, prioritizing regulatory compliance and institutional relationships.
This development occurs as Asia increasingly positions itself as a crypto regulatory hub, while Western markets continue to grapple with regulatory uncertainty. The weekend’s crypto market volatility, which saw an 11.4% reduction in total market capitalization according to CoinGecko data, underscores the importance of regulated investment vehicles for institutional participants.
“Bitcoin has gone through every kind of macro cycle over the years—it’s built for this,” Yew noted, emphasizing the asset’s resilience despite short-term market fluctuations.
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