Monochrome Asset Management, the company behind the Monochrome Bitcoin ETF (IBTC), has partnered with Hoseki to implement proof-of-reserves verification. This makes IBTC the first Australian spot Bitcoin ETF to adopt such transparency measures. By using Hoseki's advanced verification process, Monochrome will provide daily proof-of-reserves for its Bitcoin holdings, setting a higher standard for transparency in Australian Bitcoin ETFs. This partnership highlights Monochrome's commitment to integrity and reliability in Bitcoin ETFs, and the initiative may encourage other Bitcoin ETFs to adopt similar verification measures.



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