Australia’s first 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 licensed framework.

Learn more

Bitcoin Applications and Redemptions

Investors can directly transfer bitcoin or cash into and out of IBTC, offering investors flexibility and efficiency in managing their cryptocurrency holdings.

Licensed entities

The fund is overseen by licensed and regulated entities.

Robust benchmarking tracked in Australian Dollars

CF Benchmarks is the world's leading crypto index provider, regulated by the UK Financial Conduct Authority.

Performance

$10.2655

As of 28 Oct 2024

Date	Currency	NAV	AUM	Daily Return	Monthly Return	Tracking Difference	Bitcoin Allocation
28/10/2024	AUD	$10.2655	$16,646,499.38	1.79%	11.19%	-0.0045%	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.

For eligible investors who apply to the Monochrome Bitcoin ETF in-specie from July 15, 2024, a full management fee rebate will apply until December 31, 2024. To be eligible, the investor must invest a minimum in-specie investment amount of AUD $500,000 equivalent in BTC.

In addition, Monochrome is proud to introduce the IBTC Adviser Program. Beginning July 15, 2024, Australian wholesale investors who subscribe to IBTC through an eligible financial adviser will enjoy a 0.29% fee rebate on the management fee.

For more information about the IBTC Adviser Program, please contact investor-services@monochrome.co

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.

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.

Guide to the Monochrome Adviser Program

1 Get Started

Make an enquiry with us to express your interest here.

2 Get Accredited

Join the Monochrome Adviser Program and complete our research quizzes.

3 Enjoy Rebates

IBTC Rebates will be applied to wholesale clients when they provide your adviser number.

4 Stay Informed

Receive adviser-specific updates and communications to stay updated with digital assets.

About the Program

The Monochrome Adviser Program is designed to support financial advisers in delivering top-tier Bitcoin and digital asset investment opportunities to their clients. This program provides educational resources and a pathway to Bitcoin and digital asset exposure.

IBTC Management Fee

0.50% p.a.

IBTC Fee Rebate

Wholesale clients of Monochrome accredited advisers receive a 0.29% rebate on IBTC management fee.

Yearly Accreditation Fee

Yearly fee applies for advisers to maintain their accreditation with Monochrome Research.

Program Benefits

Fee Rebate

Wholesale clients of Monochrome accredited advisers receive a 0.29% management fee rebate for IBTC.

Strengthen Client Trust

Provide your clients with regulated and top-tier Bitcoin and digital asset investment options.

Professional Development

Advise your clients effectively on digital assets with ongoing education and accreditation through Monochrome Research.

Get started with the Monochrome Adviser Program

Express your interest in the Monochrome Adviser Program. Our team will guide you through the accreditation process, help you understand the benefits, and answer any questions you may have about Bitcoin and digital assets.