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Market
IBTC's performance compared to other Australian crypto ETFs by end of first month
5
Resolution / Starting Odds
Best performing • 33%
Second best performing • 33%
Third or worse performing • 33%
Cboe Australia exchange performance data
Story
Australia to Launch First Spot Bitcoin ETF IBTC on June 4
Jun 3, 2024, 10:17 AM
Australia is set to launch its first spot Bitcoin ETF on June 4, 2024. The ETF, named IBTC, will be managed by Monochrome Asset Management and will trade on the Cboe Australia exchange. This marks a significant milestone as Australia joins other countries like Hong Kong and the United States in offering investors an ETF that holds Bitcoin directly. The launch follows a swift approval process after Monochrome Asset Management applied for the ETF in April. The ETF aims to provide greater investor protection under AFSL licensing rules. Bitcoin spot ETFs experienced a net inflow of $170 million last week. Australia already has two cryptocurrency futures ETF products.
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Similar markets
Significant Positive Impact • 25%
Moderate Positive Impact • 25%
No Significant Impact • 25%
Negative Impact • 25%
IBIT grows the most • 25%
Another ETF surpasses IBIT • 25%
IBIT maintains current growth rate • 25%
IBIT growth slows down significantly • 25%
GBTC is the largest • 25%
IBIT is the largest • 25%
Another ETF is the largest • 25%
GBTC and IBIT are equal • 25%
Less than 5% of BTC ETFs • 25%
5-10% of BTC ETFs • 25%
10-15% of BTC ETFs • 25%
More than 15% of BTC ETFs • 25%
Market reacts positively to IBIT • 33%
Market reacts positively to GBTC • 33%
Positive reactions to both ETFs • 34%
Top performer • 33%
Average performer • 34%
Below average performer • 33%
BlackRock's IBIT • 33%
Grayscale's GBTC • 33%
Fidelity's Bitcoin ETF • 33%
Remains the largest • 25%
Second largest • 25%
Third largest • 25%
Falls below third largest • 25%