In a positive development for Australia, Monochrome Asset Ma...

In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange.

Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Meanwhile, FDIC said the US banking system is at high risk of insolvency as 63 banks have $517 billion in unrealized losses in Q1 2024.