Qubit, a specialist underwriter, has expanded into the Australian market by partnering with Monochrome, a regulated investment management firm, to provide insurance coverage for Australia’s first approved Bitcoin ETF. Monochrome’s ETF, which holds bitcoin directly, was launched in collaboration with State Street under the stock ticker IBTC. As Monochrome’s insurance partner, Qubit will offer S&P-rated coverage, adding an extra layer of assurance and trust for Monochrome and its customers. This milestone marks a significant step forward for the Australian crypto industry, providing customers with easy and secure access to digital currency investments.
Source and Details