Australian investment firm Monochrome Group has officially registered its Bitcoin (IBTC) and Ethereum (IETH) ETFs with the Monetary Authority of Singapore (MAS) in the middle of crypto market crash.
Australian investment firm Monochrome Group has officially registered its Bitcoin (IBTC) and Ethereum (IETH) ETFs with MAS. Source: XMonochrome’s CEO, Jeff Yew, emphasized that the firm’s expansion is focused on long-term infrastructure rather than short-term price movements. He stated that the company’s goal is to bring Monochrome’s investment solutions to Southeast Asia, starting with the registration of its Bitcoin ETF under Singapore’s financial regulatory framework.
Both ETFs are classified as restricted schemes, meaning they are only available to accredited and institutional investors. Investors must meet a minimum transaction amount of S$200,000 under Singapore’s financial regulations.
How Monochrome’s ETFs Are Different from Other Crypto Investment Products
Unlike many existing crypto ETFs, Monochrome’s products offer both Bitcoin-based and cash-based subscriptions and redemptions. This allows institutions to choose between purchasing ETF shares using Bitcoin or traditional currency, depending on their investment preferences.
To ensure security, Monochrome has partnered with BitGo Trust Company, a well-known cryptocurrency custodian, to handle storage and transactions.
The firm has also teamed up with Anadara Capital to improve its services for institutional investors. In addition, Monochrome plans to open regional offices in 2025 as it strengthens its compliance efforts in Southeast Asia.
Institutional Investors Turn to Regulated Crypto Products for Stability
Monochrome’s decision to enter the Singapore market comes at a time when institutional investors are increasingly viewing digital assets as a hedge against economic uncertainty. The volatility in traditional markets, coupled with geopolitical risks, has led many financial institutions to explore regulated crypto investments.
This move follows a turbulent weekend for the crypto market, which saw over $2 billion in liquidations as Bitcoin and other cryptocurrencies faced substantial price declines. Despite this, Yew remains confident in Bitcoin’s long-term stability. He noted that Bitcoin has endured various macroeconomic cycles and is built to withstand market fluctuations. He also emphasized that institutional investors focus on the underlying fundamentals rather than reacting to short-term price movements.
Asia Leads the Way in Crypto Regulation as Western Markets Struggle with Uncertainty
With Western governments still debating crypto regulations, Asia is emerging as a leading hub for clear and structured digital asset policies.
Monochrome’s MAS-approved ETFs set an example for how crypto can be integrated into mainstream finance under strict regulatory frameworks. This approach contrasts with other regions where policies remain uncertain or inconsistent.
Yew described Bitcoin as a “unique commodity”, explaining that its price volatility is driven by demand fluctuations rather than any changes in its supply or blockchain protocol. He also noted that recent market downturns have not affected Bitcoin’s core technology or security model.
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