Australian Crypto Market: Monochrome’s IBTC ETF Leads Transparency Push

• Monochrome Bitcoin ETF’s AUM rises from AUD 11.4M to 12M, reflecting strong investor interest.
• Bitcoin holdings in $IBTC ETF increase from 123 to 138, indicating steady accumulation.
• Monochrome partners with Hoseki for daily proof-of-reserves, enhancing transparency in $IBTC.

The Monochrome Bitcoin ETF ($IBTC) has seen a steady 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 in Bitcoin holdings reflects strong investor interest and confidence in the ETF. The ETF’s Assets Under Management (AUM) fluctuated during this period, mainly due to Bitcoin’s price swings.

The most significant single-day AUM increase was on September 3rd, jumping to AUD 11,732,261.45 alongside a rise in Bitcoin holdings from 126 to 134. The AUM rose from AUD 11,435,316.97 on August 27th to AUD 12,017,943.69 by September 12th.

Monochrome Boosts Transparency with Hoseki Partnership

In a move to enhance transparency, Monoch…

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