Odaily News Australia's first Bitcoin spot ETF has officially started trading. (Bitcoin Magazine) Earlier news, Australia's first Bitcoin spot ETF, Monochrome Bitcoin ETF (IBTC), will start trading on Tuesday. It is reported that Australia already has several ETP products that provide Bitcoin exposure, but Monochrome Asset Management is the first company to be approved under the new crypto asset license category established under the 2021 Australian Financial Services (AFS) licensing rules. The ETF allows the ETF to hold Bitcoin directly. Monochrome said that IBTC's assets are stored offline in devices that are not connected to the Internet and use a crypto custody solution that meets the "Australian institutional custody regulatory standards."