According to official disclosed information, Australia’s Monochrome Spot Bitcoin ETF (trading code: IBTC) has demonstrated a strong asset absorption trend. As of May 28th, its holdings have climbed to 656 Bitcoins, and the market value of its holdings has even exceeded the 111 million Australian dollar mark.
IBTC launched by Monochrome Asset Management has attracted much attention since its launch. As Australia’s first spot ETF directly holding Bitcoin, it provides local investors with a compliant and regulated convenient way to participate in the Bitcoin market. This ETF was officially listed and traded on the Cboe Australia on June 4, 2024. At the very beginning of its launch, its development process was remarkable.
In the early stage, the growth of IBTC’s holdings was relatively moderate. However, with the changes in the market environment and the gradual increase in investors’ interest in Bitcoin, its holdings began to rise steadily. On July 18, 2024, official data showed that its holdings reached 91 BTC, and the asset under management (AUM) at that time was approximately 8.79 million US dollars. Nowadays, the holding volume has jumped to 656 BTC, and the market value of the holding has also increased significantly. This notable change reflects the continuous improvement of the market’s recognition of this ETF.
From the perspective of the market background, the influence of Bitcoin on a global scale continues to expand, and its price trend is on the minds of many investors. Especially in 2025, the price of Bitcoin performed strongly, briefly breaking through $110,000, triggering a new round of attention from global investors to the cryptocurrency market. Against this backdrop, Bitcoin spot ETFs like IBTC offer an ideal choice for investors who wish to participate in Bitcoin investment but have concerns about holding Bitcoin directly.
By purchasing IBTC shares, investors can indirectly hold Bitcoin and enjoy the gains brought by the rising price of Bitcoin. At the same time, they can also benefit from the investor protection rules under the Australian Financial Services License (AFSL) licensing system. IBTC adopts a strict passive buy and hold investment strategy, does not use derivatives, leverage or conduct short selling operations. Its Bitcoin price benchmark refers to the CME CF Bitcoin Reference Rate Asia-Pacific variant of CF Benchmarks Ltd, ensuring the transparency and robustness of the price mechanism and effectively resisting the risk of market manipulation. Its Bitcoin holding assets are securely stored in completely offline devices not connected to the Internet and managed by a crypto asset custody solution that complies with Australian institutional custody regulatory standards, further ensuring the security of investors’ assets.
The significant increase in the holding volume and market value this time also reflects from the side that the vitality of the Australian cryptocurrency investment market is constantly growing. As more and more investors incorporate Bitcoin into their investment portfolios, high-quality investment products like IBTC are expected to play a more significant role in the Australian cryptocurrency investment sector in the future. Subsequently, their holdings and market performance will also continue to be closely watched by market participants.
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