Australia’s first licensed and direct holding Bitcoin ETF
Monochrome Bitcoin ETF (IBTC) | CBOE : IBTC
Invest in IBTC
Why invest in IBTC?
Introducing the Monochrome Bitcoin ETF (IBTC) – for investors seeking direct exposure to Bitcoin within a regulated framework.
Absolute entitlement to your bitcoin
Investors have legal rights to their bitcoin in the fund, with the ability to call for their bitcoin to be withdrawn at their request.
Licensed and regulated entities
The fund is overseen by licensed and regulated entities, ensuring security and peace of mind for your digital assets held in custody.
Robust benchmarking tracked in Australian Dollars
CF Benchmarks is the world's leading crypto index provider, regulated by the UK Financial Conduct Authority.
Introducing
The Monochrome Bitcoin ETF (IBTC)
Performance
$10.1424
As of 26 Jul 2024
Date | Currency | NAV | Daily Return | Monthly Return | Bitcoin Allocation |
|---|---|---|---|---|---|
26/07/2024 | AUD | $10.1424 | 3.95% | 10.34% | 0.000099 |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
* An indicative NAV per Unit (“iNAV”) for the Fund will be published throughout the Securities exchange trading day. The iNAV is reflective of real-time movements in the Funds underlying instruments. The iNAV represents the best estimate by the Issuer or its appointed agents of the value per unit in the Fund throughout the trading day. The iNAV is calculated by Solactive AG (Solactive). The Monochrome Bitcoin ETF is not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to the iNAV, iNAV calculation or the Monochrome Bitcoin ETF.
Fund Summary
About the ETF
Fund Objective
The fund’s objective is to provide investors with an investment return that tracks the price of bitcoin in Australian dollars (before fees and costs).
Investment Strategy
The Investment Manager will implement a strictly passive buy and hold investment strategy for bitcoin. The fund will not use derivatives, leverage, or short selling.
Ticker
IBTC
Exchange
CBOE
Benchmark Index
CME CF Bitcoin Reference Rate, Asia-Pacific Variant
Inception Date
10/03/2023
Management Fee
0.50% p.a.
Holdings
Target 100% Bitcoin
Service Providers
Administrator & Cash Custodian
Benchmark Index
Registry
Bitcoin Custodian
iNAV Provider
* CF Benchmarks Ltd. index data is used under license as a source of information for certain Vasco Trustees Limited (Vasco) products. CF Benchmarks Ltd., its licensors and agents have no other connection to Vasco products and services and do not sponsor, endorse, recommend or promote any Vasco products or services. CF Benchmarks its licensors and agents have no obligation or liability in connection with the Vasco products and services. CF Benchmarks its licensors and agents do not guarantee the accuracy and/or the completeness of any index licensed to Vasco and shall not have any liability for any errors, omissions, or interruptions therein except where expressly agreed to in writing.
Documents
19/06/2024 | Monthly Fund Report | Download |
19/06/2024 | Fund Factsheet | Download |
23/05/2024 | Product Disclosure Statement (PDS) | Download |
24/05/2024 | Target Market Determination (TMD) | Download |
Posted Daily | Portfolio Composition File | Download |
Announcements
10/07/2024 | Management Fee Adjustment and In-specie Applications | Download |
For in-specie applications or redemptions, please contact investor-services@monochrome.co
How to Invest
• Ticker: IBTC
• Investors should read the Product Disclosure Statement and Target Market Determination before making any investment decisions
• Place your order via any licensed Cboe broker
Additional Information
For Investors
Invest directly with bitcoin
Investors in the Monochrome Bitcoin ETF (IBTC) can invest via in-specie applications.
Get Started
Talk to us
To explore about how a bitcoin allocation could work for your portfolio, contact us to learn more.
Frequently Asked
Questions (FAQs)
What is Bitcoin?
Bitcoin is a digital asset that uses blockchain technology to record ownership and transactions on a decentralised public ledger. It is created through a process called mining and has a limited supply of 21 million bitcoin. Bitcoin is used as a form of digital currency and is known for its high volatility and potential as an investment.
How can someone buy Bitcoin?
Someone can invest in Bitcoin by investing in a Bitcoin ETF like the Monochrome Bitcoin ETF (IBTC), which provides exposure to Bitcoin's price movements without the need for direct ownership, or by purchasing Bitcoin directly through a cryptocurrency exchange and storing it in a digital wallet.
Why buy IBTC rather than buy Bitcoin directly?
Buying IBTC, the Monochrome Bitcoin ETF, offers several advantages over buying Bitcoin (BTC) directly:
• Ease of Access: IBTC allows investors to gain exposure to Bitcoin without needing to handle the technical aspects of buying, storing, and securing Bitcoin themselves.
• Security: The ETF uses a professional custodian to securely store the Bitcoin, reducing the risk of theft or loss associated with self-custody.
• Regulatory Oversight: IBTC is regulated as a financial product in Australia, providing investors with certain consumer protections that are not available with direct Bitcoin investments.
• Convenience: Investors can buy and sell IBTC on the Cboe trading platform or through the Registry, just like other traditional financial products, making it easier to manage within a diversified investment portfolio.
What is absolute entitlement?
For you, as an investor in the Monochrome Bitcoin ETF, &ldqou;absolute entitlement” means that you are regarded as having a direct and specific beneficial interest in the bitcoin allocated to your Bitcoin Interests.
• Tax Treatment: Your investment in the ETF may be treated as if you directly own the Bitcoin for tax purposes. This could impact how capital gains tax is applied to your investment.
• Beneficial Ownership: You are considered to have a beneficial ownership of the Bitcoin, even though the Bitcoin is held in trust by the Responsible Entity. This means you benefit from any gains in the value of the Bitcoin and bear the risks of any losses.
• Legal Clarity: It clarifies your rights to the Bitcoin held in trust, ensuring that your entitlement to the Bitcoin is recognised under the terms of the ETF and relevant laws.
Overall, absolute entitlement ensures that your investment in the ETF is treated in a manner similar to direct ownership of Bitcoin, but with the added benefits of professional management and custody provided by the ETF .
How is the NAV calculated?
The NAV of the Monochrome Bitcoin ETF is calculated daily by State Street, using the AUD value of the Bitcoin held by the ETF based on the CME CF Bitcoin Reference Rate Asia Pacific Variant, adjusted for management fees, cash holdings, and liabilities.