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SYDNEY, 21 June, 2024 – Monochrome Asset Management is pleased to partner with Solactive as the Intraday Net Asset Value (iNAV) provider for the Monochrome Bitcoin ETF (Ticker: IBTC). Officially quoted on Cboe Australia on June 4, 2024 – IBTC is the first and currently only spot Bitcoin ETF in the Australian market to be authorised under a specific crypto asset licensing category.
IBTC provides investors with secure, transparent, and efficient access to Bitcoin, leveraging a regulated investment vehicle to deliver confidence and reliability. A critical component of this transparency is the Intraday Net Asset Value (iNAV), which offers real-time updates on the value of the ETF’s assets. This continuous calculation helps investors make informed decisions by providing up-to-the-minute insights into the ETF’s performance, ensuring that trading prices closely reflect the actual value of the underlying assets.
Solactive, renowned for its precise and reliable indexing, benchmarking, and calculation solutions, is the ideal partner to support the iNAV requirements of IBTC. Their expertise ensures that IBTC maintains accurate and timely valuations, a crucial aspect for both institutional and retail investors.
Jeff Yew, CEO at Monochrome, said: “Having Solactive as our iNAV provider adds a significant layer of credibility and reliability to the Monochrome Bitcoin ETF. Their reputation in providing precise and transparent iNAV calculations aligns perfectly with our mission to offer secure and efficient access to bitcoin for more Australian investors.”
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “We are proud to support the launch of Monochrome Bitcoin ETF by acting as their iNAV provider, and are fully committed to provide investors with real-time updates on the ETF performance. This innovative and unique product in the Australian market will allow investors to get exposure to the largest cryptocurrency in the market, which is an important milestone.”
About Solactive
Solactive is a leading provider of indexing, benchmarking, and calculation solutions for the global investment and trading community. The company offers a wide range of services, including the development of custom indices, ETF services, and calculation of real-time and end-of-day indices. Solactive is dedicated to innovation and excellence, providing clients with reliable and accurate data to support their investment strategies. For more information, visit solactive.com.
About Monochrome
Monochrome Asset Management is a leading asset management firm specialising in digital assets. The firm is committed to providing innovative investment solutions that meet the highest standards of security and regulatory compliance. For more information about the Monochrome Bitcoin ETF (IBTC), visit ibtc.au.
Monochrome Asset Management
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