- Monochrome Group has registered Bitcoin and Ethereum ETFs
- Singapore’s Monetary Authority has accepted the applications
- Monochrome Group sees this as a strategic move
- Especially against the backdrop of harsh US economic decisions
Monochrome Group is expanding into South East Asia and has registered its first Bitcoin ETF and Ethereum ETF with the Monetary Authority of Singapore. Monochrome Group is not looking for short-term gains but sees this as a strategic investment to ensure a stable financial infrastructure, especially amidst the harsh economic decisions of the US.
More About Monochrome Group Bitcoin and Ethereum ETFs
Normally we don’t hear much about pro crypto initiatives in Australia as opposed to the rest of South East Asia. And yet, Australian Monochrome Group has launched its first Bitcoin and Ethereum ETF, choosing to do so in one of the most crypto-friendly firms. The funds are structured as restricted schemes, catering exclusively to accredited investors.
Growing institutional demand, as well as the double effect of Donald Trump’s actions on the one hand pro-crypto initiatives and on the other fluctuating international markets on the back of his global economy decisions.
Monochrome Group CEO Jeff Yew said:
“We’re bringing Monochrome to South East Asia, starting with getting the first Australian Bitcoin ETF registered with the Monetary Authority of Singapore.”
He added:
“It’s not about chasing price moves—it’s about building real infrastructure and giving institutions, investors, and even governments better access to Bitcoin.”
Also, Monochrome Group is playing ahead of the curve and probably aims to be ready when the main focus shifts from Bitcoin ETFs to Ethereum ETFs.
“We’ve seen Bitcoin go through every kind of macro cycle over the years— it’s built for this. 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.”
Conclusion
While the crypto market was also affected by Donald Trump’s sharp decisions and has already started to recover little by little – it seems that the rest of the market is not the only thing big players want to bet on due to the fluctuations in every factor.
Either way, it’s another reminder that while the US is striving to become a global leader in blockchain and cryptocurrency, South East Asia which has started to take earlier initiatives – still requires constant attention.
Be aware and stay tuned.
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