Australia’s Monochrome registers Bitcoin, Ethereum ETFs with Singapore regulator

Australian crypto firm Monochrome Group has registered Bitcoin and Ethereum Exchange-Traded Funds (ETFs) with Singapore's Monetary Authority, targeting institutional investors in Southeast Asian markets.

The company’s Bitcoin ETF (IBTC) and Ethereum ETF (IETH) are registered as restricted schemes, requiring a minimum S$200,000 per transaction from accredited investors. Both products accept Bitcoin and cash for subscriptions and redemptions.

“It’s not about chasing price moves—it’s about building real infrastructure and giving institutions, investors, and even governments better access to Bitcoin,” CEO Jeff Yew told Decrypt

Yew also dismissed concerns about Bitcoin’s short-term swings, calling it a “unique commodity” whose volatility stems from demand fluctuations rather than protocol weaknesses. 

“We’ve seen Bitcoin go through every kind of macro cycle over the years—it’s built for this,” he said. 

“Institutional investors don’t get caught in short-term noise, that’s why we’re focused on fundamentals and expanding access to the asset where it’s needed most.”

Monochrome has partnered with BitGo Trust Company for custody services and Anadara Capital for institutional services. The company plans to establish regional offices in 2025 while focusing on regulatory compliance.

Monochrome’s expansion highlights rising demand for regulated crypto products in Asia, particularly as institutions seek portfolio diversification. The firm’s emphasis on infrastructure — rather than speculative trading — highlights a maturing market where regulatory clarity and custodial security are increasingly critical.

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