Monochrome Bitcoin ETF

The Monochrome Bitcoin ETF (IBTC) is Australia's first exchange-traded fund that holds bitcoin directly, offering investors a regulated and secure avenue to gain exposure to bitcoin. Launched on June 4, 2024, IBTC is listed on Cboe Australia under the ticker 'IBTC'. This ETF is authorized under the Australian Financial Services Licensing (AFSL) regime's crypto-asset licensing category, ensuring compliance with stringent regulatory standards. The fund employs a passive buy-and-hold strategy, refraining from using derivatives, leverage, or short selling. Its objective is to provide returns that track the price of bitcoin in Australian dollars, before fees and costs. (monochrome.au)