Monochrome is pleased to announce its partnership with South Australian Motor Sport Board at the 2023 VAILO Adelaide 500 as the main sponsor of the Monochrome GT Village. The firm is proud to support this iconic event, set to take place at the world-renowned Adelaide Street Circuit from November 23rd to the 26th.
Monochrome Group is proud to unveil the highly anticipated 2024 Monochrome GT4 Australia Championship. Building on the success of its presence within the Australian Production Cars (APC) category, the Monochrome GT4 Australia Championship is set to take a monumental leap forward in 2024 as a standalone category as part of SRO Australia’s GT4 offering.
Monochrome Asset Management (Monochrome) is proud to be a major partner at the Financial Review Cryptocurrency Summit 2023 on 16 October, in Sydney. Organised by The Australian Financial Review, it is the nation’s premier crypto-asset forum for investors, policy makers, regulators and tech innovators.
Monochrome Asset Management Pty Ltd (Monochrome) announced today that on 14 July 2023, its Responsible Entity partner, Vasco Trustees Ltd (Vasco), lodged an updated application with the Australian Securities Exchange (ASX) to list the Monochrome Bitcoin ETF (IBTC), an exchange traded fund that will have direct exposure to bitcoin.
Topics discussed in this edition of the Monochrome Recap includes the U.S. Spot Bitcoin ETF Race Update, Charles Schwab, Citadel Securities and Fidelity Digital Assets launch EDX Markets, HSBC Allows Customers to Buy Crypto ETFs on its Investment Platform, and Robert F. Kennedy Jr. Supports Bitcoin Adoption in Presidential Bid.
Topics covered in this edition of the Monochrome Recap includes BlackRock's iShares files paperwork for spot bitcoin ETF, PayPal increase crypto-asset holdings from Q4 2022, SEC sues Binance and Coinbase, Lightning Network relieves congestion from BRC20 token activity, and Commbank restricts cryptocurrency payments.
This month's edition of the Monochrome Recap covers: Hong Kong Bitcoin ETF launch, FTX Collapse update: Potential Australian regulatory changes, Queensland crypto-asset firm TrigonX goes into voluntary administration, Judge in Celsius Network bankruptcy case rules deposits belong to estate not users.
In this paper we look at the criteria for index selection in a spot bitcoin ETP, with particular focus on the timing of the index. In a recent article, CF Benchmarks have analysed the suitability of the CME CF Bitcoin Reference Rate (BRR) for the creation of regulated products and more recently performed analysis comparing this to a Sydney-based time period. We draw on that analysis in this paper and expand on it in the context of the impact on the performance, costs and market dynamics when used in a passive bitcoin ETP.
Attention has recently been given to the addition of non-traditional investments such as bitcoin in SMSF portfolios. Before doing so, SMSF trustees should take steps to understand the asset class and most importantly obtain professional advice on how they can safely implement digital assets into portfolios to ensure they meet all their fiduciary obligations as SMSF trustees and that no issues arise during annual audits.
One of the most common criticisms of Bitcoin I hear is that it sounds like a cult or religion. I believe that the religious element of Bitcoin is a feature, not a bug. In fact, I would say the single final financial backstop that gives Bitcoin “value” is its religious adherents. To begin, however, we need to understand what religion means in the context of the True Bitcoin Believer.