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SYDNEY, 28 May 2025 — Monochrome Asset Management reports continued investor uptake of its Portfolio Transfer Facility which allows in-kind transfers into the Monochrome Bitcoin ETF (IBTC) and the Monochrome Ethereum ETF (IETH).
In-kind transaction volumes rose 171.43% quarter-on-quarter1, reflecting increased demand from investors seeking institutional-grade access to digital assets through licensed pathways.
Monochrome’s Bitcoin and Ethereum ETFs are now the lowest-cost digital ETFs in the Asia-Pacific region, at 0.25% p.a.2, supporting the broader adoption of investors seeking to move away from self custody and unlicensed platforms in favour of institutional-grade protections.
“We’re seeing growing interest from investors holding ETFs in other jurisdictions that charge up to 2.5% p.a. in management fees and costs. Some investors are now switching into IBTC and IETH, attracted by the in-kind functionality and Monochrome’s low cost, regulated structure,” said Jeff Yew, CEO Monochrome Asset Management.
This facility allows Australian investors to transfer existing crypto-asset holdings—from digital currency exchanges, decentralised wallets, or cold storage—directly into the corresponding Monochrome ETFs.
As Australia's first crypto ETFs offering direct Bitcoin and Ethereum exposure under a licensed framework, IBTC and IETH provide a regulated structure for investors to consolidate their holdings. Through the Portfolio Transfer Facility, investors no longer need to manage private custody or security risks, with these responsibilities handled by the ETFs’ appointed custodians.
1 As measured by the combined number of processed in-kind applications performed quarter on quarter from Q4 2024 to Q1 2025 for IBTC and IETH.
2 Calculated on the Net Asset Value (NAV) of the Fund.
Submit Portfolio Transfer Request
Key Features of Monochrome’s Portfolio Transfer Facility:
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Supports all digital currency exchanges: Transfer Bitcoin or Ethereum from any supported exchange.
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Zero transfer fees: Move your assets into Monochrome ETFs without incurring any transfer fees.*
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No CGT implications on movements into the ETFs or out of the ETFs.**
*In specie investors are subject to Gas or Bitcoin Network fees charged by the relevant network to validate the transactions. Ongoing management fees and costs apply. Refer to the relevant product disclosure statement for more information on fund fees and costs.
**Assuming no change of beneficial ownership. Investors should seek their own tax advice before making any investment decisions.
Monochrome Asset Management
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