The Monochrome Bitcoin ETF ($IBTC) is gaining momentum among Australian investors, allowing tracking of Bitcoin price changes in AUD and ensuring transparency through daily reports.
October Asset Increase
In late October 2024, Monochrome Bitcoin ETF significantly increased its Bitcoin reserves. On October 29, the fund held 160 Bitcoins with assets under management (AUM) totaling 17,377,122.10 AUD. This trend of Bitcoin accumulation continued, and by October 30, the holdings grew to 168 Bitcoins with an AUM of 18,573,925.87 AUD. By October 31, the funds' assets reached 169 Bitcoins, and the AUM stood at 18,654,400 AUD.
Demand Among Australian Investors
As Australia's first Bitcoin ETF, the Monochrome Bitcoin ETF allows investors to directly track the value changes of Bitcoin in Australian Dollars. The high interest from investors is driven not only by the asset's growing value but also by the transparency it offers.
Transparency and Information Accessibility
The Monochrome Bitcoin ETF ensures full transparency for investors by providing daily updates on its Bitcoin holdings and AUM. This allows investors to access up-to-date information and make informed decisions.
The Monochrome Bitcoin ETF continues to attract attention from Australian investors due to its direct tracking of Bitcoin value and high level of transparency through daily updates.
