The Monochrome Bitcoin ETF ($IBTC) has experienced a consistent increase in assets, growing from 123 Bitcoins (AUD 11.4 million) on August 27th to 138 Bitcoins (AUD 12 million) by September 12th, 2024. This growth signifies strong investor interest and confidence in the ETF, despite fluctuations in Bitcoin's price. Monochrome Asset Management has partnered with Hoseki to implement daily proof-of-reserves verification, making it the first Australian Bitcoin ETF to offer this feature. Hoseki's verification system provides real-time assurance of reserves, enhancing transparency and trust within the Australian Bitcoin ETF market. Despite recent market fluctuations, investor confidence in Bitcoin and related investment products like the Monochrome Bitcoin ETF remains resilient.
- Content Editor ( coinedition.com )
- 2024-09-13
Australian Crypto Market: Monochrome’s IBTC ETF Leads Transparency Push