Bitcoin ETFs Launch in Singapore

Monochrome Group Registers Bitcoin and Ethereum ETFs in Singapore

• Monochrome Group has registered its Bitcoin ETF (IBTC) and Ethereum ETF (IETH) with Singapore’s Monetary Authority.
• The ETFs are classified as restricted schemes, accessible to accredited or institutional investors.
• A minimum transaction value of S$200,000 is required under Singapore’s regulated financial framework.
• The firm partnered with Anadara Capital to enhance institutional services and onboarded BitGo Trust Company for custody services.
• Monochrome plans to establish regional offices by 2025 to focus on regulatory compliance and institutional engagement.

Monochrome Group’s registration of its Bitcoin and Ethereum ETFs in Singapore allows access for accredited investors, requiring a minimum of S$200,000 per transaction. The firm aims to expand its presence in Southeast Asia through strategic partnerships and infrastructure enhancements.