The Monochrome Bitcoin Trust (IBTC)
In an Australian first, IBTC is a way for retail investors to own bitcoin in a single regulated structure that gives them an absolute entitlement to their underlying bitcoin.
NAV
$4.1325 (AUD)
Daily Return
0.68%
Monthly Return
2.09%
Fees
1.35% p.a.
NAV
Daily Return
Monthly Return
Fees
As of 28th September 2023
Placement for IBTC is Currently Open
Please read the Product Disclosure Statement, Reference Guide and Target Market Determination below.
Fund Overview
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.
Absolute entitlement to your specifically allocated bitcoin.
Investors have legal rights to their specifically allocated bitcoin in the fund, with the ability to call for their bitcoin to be transferred to them at their request.
Licensed and insured crypto-custodian.
IBTC's crypto-custodian maintains an insurance policy and the fund is overseen by licensed entities aligned with ASIC’s RG133 custodian requirements.
Robust benchmarking, tracked in Australian dollars.
CF Benchmarks is the world's leading crypto index provider, regulated by the UK FCA. The CME CF Bitcoin Reference Rate (BRR) provides robust and transparent pricing mechanisms.
Key Information
Investment Manager
Monochrome Asset Management Pty Ltd ACN 647 701 246
Responsible Entity
Vasco Trustees Ltd ACN 138 715 009
Bitcoin Interests
Investors in the fund hold Bitcoin Interests, conferring an absolute entitlement to their underlying bitcoin.
Management Fee
1.35% p.a.
Performance Fee
Not Applicable
Minimum Investment
$5,000 AUD
Minimum Amount for Further Subscriptions
$1,000 AUD
Applications
Daily
Redemptions
Daily. Redemptions in cash or in specie.
Unit Pricing
Daily
Benchmark Provider
CME CF Bitcoin Reference Rate
APIR
VIL2063AU
Documents
Date Issued | Document | |
---|---|---|
31/08/2023 | Latest Fund Report | Download PDF |
31/08/2023 | Latest Fund Factsheet | Download PDF |
10/03/2023 | Product Disclosure Statement (PDS) | Download PDF |
10/03/2023 | Reference Guide (RG) | Download PDF |
10/03/2023 | Target Market Determination (TMD) | Download PDF |
Performance
How to access the Monochrome Bitcoin Trust (IBTC)
Invest directly in the Fund
To apply online, you will require:
• Identification documents (e.g.: drivers license or passport)
• Mobile number and email address
• Your Tax File Number (TFN)
• Complete the Tax self-certification within the application process
• Bank account details
Log into the share registry's portal to:
• Check your balance(s), view transaction confirmations and periodic statements
• Update your personal details
• Additional applications or redemptions
• Provide your FATCA/CRS certification