Invest in Monochrome ETFs
Australia’s first direct spot Bitcoin and Ethereum ETFs.
Why invest in Monochrome ETFs?
Introducing the Monochrome Bitcoin ETF (IBTC) and the Monochrome Ethereum ETF (IETH) – for investors seeking direct exposure to Bitcoin within a licensed framework.
Learn moreAbsolute entitlement to your bitcoin and ethereum
Investors have legal rights to their bitcoin in the fund, with the ability to call for their bitcoin and ethereum to be withdrawn at their request.
Robust benchmarking tracked in Australian Dollars
CF Benchmarks is the world's leading crypto index provider, regulated by the UK Financial Conduct Authority.
Licensed entities
The fund is overseen by licensed entities.
Learn More About IBTC and IETH
Transfer your BTC and ETH portfolio to Monochrome.
Transfer your existing crypto-asset portfolio from your current digital broker/wallet.
Supports all digital currency exchanges and wallets
Zero transfer fees *
No CGT implications **
*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.
Performance
$14.0971
As of 20 Nov 2024
Date | Currency | NAV | AUM | Daily Return | Monthly Return | Tracking Difference | Bitcoin Allocation |
|---|---|---|---|---|---|---|---|
20/11/2024 | AUD | $14.0971 | $33,731,378.19 | 0.83% | 41.76% | -0.0012% | 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.
Join the Monochrome Adviser 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.
Monochrome Adviser Program
Join 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.
Get started
Express your interest in the Monochrome Adviser Program.
Frequently Asked
Questions (FAQs)
Who is Monochrome?
Since 2021, Monochrome Asset Management has led crypto-asset innovation in Australia, launching the country’s first direct spot Bitcoin and Ethereum ETFs (IBTC and IETH respectively). Monochrome’s mission bridges traditional finance and digital assets, aiming to expand access through quality investment options.
In addition to ETFs, Monochrome Group invests in a digital currency exchange, institutional trading desk, and foreign exchange provider, reinforcing its role in shaping a regulated cryptocurrency ecosystem.
Why did Monochrome launch crypto-asset ETFs?
The launch of Australia's first spot bitcoin and ethereum ETFs was driven by three key factors:
• High crypto adoption: Australia has one of the highest rates of crypto-asset participation globally, but for a long period, lacked a fully licensed, institutionally backed option for bitcoin access. Monochrome ETFs fill this gap.
• Strong demand: Investors from SMSF participants to HNW individuals, increasingly seek bitcoin exposure within a licensed framework.
• Industry expertise: Monochrome's traditional finance and digital asset native specialists offer ETFs that meet industry standards and push market innovation.
What sets apart a Monochrome-issued product?
Monochrome stands out for its bitcoin-native expertise, paired with traditional finance, with a team deeply rooted in both ecosystems for over a decade. Unlike traditional financial firms stepping into crypto-assets, Monochrome's profound understanding of bitcoin's cycles, market dynamics, and technology enables us to create products tailored to long-term bitcoin investors.
A key differentiator of Monochrome ETFs is the ability to apply and redeem in bitcoin or ethereum, not just cash—an in-kind mechanism that lowers costs and provides tax efficiencies. Currently, IBTC and IETH are the only dual-listed bitcoin and ethereum ETFs in Australia, offering an advantage unavailable in U.S. spot bitcoin ETFs due to regulatory constraints.
Monochrome has introduced two significant innovations:
1. Portfolio Transfer Tool: Allows seamless bitcoin transfers into the ETF without converting to cash, simplifying transitions into a regulated structure.
2. Collateralised Margin Loans: Enable investors to leverage their bitcoin without selling, enhancing returns while retaining holdings within the ETF.
Additionally, Monochrome’s certification program equips advisors with the knowledge to guide clients responsibly in bitcoin investing. Certified advisors can access fee rebates for their clients, effectively reducing our management fee from 50bps to 29bps.
Contact us to learn more about these unique features and programs here.
How is investing in a spot Bitcoin ETF different from investing in other cryptocurrency-linked ETPs?
Spot bitcoin ETFs mean the investment manager directly purchases bitcoin. This allows precise exposure to bitcoin and facilitates very low tracking difference to benchmark.
Other crypto-asset-linked ETFs involve purchasing a different financial instrument (for example units in an ETF or wholesale fund) which in turn purchases bitcoin. This model is more operationally complex, and may result in higher slippage, and/or higher tracking difference to the funds benchmark.
How can investors access Monochrome ETFs?
• In-Kind Access Point: Investors can directly deposit Bitcoin and Ethereum into Monochrome ETFs via in-kind applications, allowing seamless entry into the fund without conversion to cash.
• ETF: You can buy IBTC through any major brokerage on the Cboe Australia exchange—just search for the ticker ‘IBTC’ and ‘IETH’.
• Managed Fund: You can also apply directly through our registry provider, Automic.