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SYDNEY, November 5, 2024 – Monochrome Asset Management unveils its latest offering—the Portfolio Transfer for the Monochrome Bitcoin ETF (IBTC) and the Monochrome Ethereum ETF (IETH).
This enables Australian investors to transfer their crypto-asset holdings from digital currency exchanges, decentralised wallets, or cold storage directly into the corresponding Monochrome crypto-asset exchange traded funds (ETFs).
As Australia’s first dual-listed crypto ETFs, IBTC and IETH offer direct exposure to Bitcoin and Ethereum under a licensed framework. The Portfolio Transfer Facility allows investors to consolidate their holdings. Investors who take advantage of the portfolio transfer facility to move their digital holdings into an exchange traded fund, which is overseen by licensed entities and no longer need to manage security, custody or default risks which is instead managed by the IBTC or IETH appointed custodians.
Key Features:
- Supports all digital currency exchanges: Transfer Bitcoin or Ethereum from any supported exchange.
- Zero transfer fees: Move your assets into Monochrome ETFs without incurring any transfer fees.*
- 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.
Eligibility
Minimum transfer amounts are detailed in the PDS, and the facility supports transfers from most major digital exchanges.
For more information, or to start transferring your Bitcoin or Ethereum into IBTC or IETH, visit www.ibtc.au and www.ieth.au.
Disclaimer: Monochrome Asset Management Pty Ltd ABN 80 647 701 246 (Monochrome) is a Corporate Authorised Representative (CAR No. 1286428) of Vasco Trustees Ltd ABN 71 138 715 009 | AFSL 344486 (Vasco Trustees). Monochrome is the Investment Manager for the Monochrome Bitcoin ETF (IBTC) (ARSN 661 385 244) and the Monochrome Ethereum ETF (IETH) (ARSN 661 386 198). Vasco Trustees is the Responsible Entity and the issuer of interests in IBTC and IETH. The PDS and TMD for each product are available at https://monochrome.au/ and should be considered prior to investing. This information is general in nature and does not take into account any person’s individual objectives, financial situation or needs. In deciding whether to acquire interests in IBTC or IETH and before investing, investors should read the PDS and TMD, and with the assistance of a financial adviser, consider if the investment is appropriate for their circumstances. Past performance is not indicative of future performance.
Monochrome Asset Management
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