- The Monochrome Bitcoin ETF ($IBTC) has experienced significant growth in its Bitcoin holdings and AUM.
- IBTC provides Australian investors with direct exposure to Bitcoin’s price movements in AUD.
- The ETF offers daily updates on its Bitcoin holdings and AUM, ensuring transparency for investors.
The Monochrome Bitcoin ETF (IBTC) is surging in popularity among Australian investors. As the country’s first Bitcoin ETF to directly hold the cryptocurrency, IBTC allows investors to track Bitcoin’s price in Australian Dollars (AUD). The ETF provides daily updates on its assets and Bitcoin holdings, offering full transparency.
Australia’s Bitcoin ETF keeps stacking $IBTC https://t.co/mElN78Mugz
— HODL15Capital (@HODL15Capital)
November 15, 2024
October Growth
In late October 2024, the Monochrome Bitcoin ETF steadily increased its Bitcoin holdings. On October 29, the fund held 160 Bitcoins, with an AUM of $17,377,122.10 AUD.
This marked the beginning of continued Bitcoin accumulation. By October 30, holdings grew to 168 Bitcoins, with an AUM of $18,573,925.87 AUD. This momentum continued on October 31, as the ETF reached 169 Bitcoins and an AUM of $18,654,435.50 AUD.
November Growth
November began with strong growth for $IBTC. On November 1, the ETF held 173 Bitcoins, valued at $18,317,276.12 AUD. This upward trend became more pronounced by November 5, when holdings increased to 178 Bitcoins with an AUM of $18,565,270.39 AUD.
On November 6, the ETF accumulated 181 Bitcoins, pushing its AUM to $20,542,659.86 AUD. This growth continued on November 7, with 187 Bitcoins and an AUM of $21,195,909.94 AUD.
AUM Growth Continues
The Monochrome Bitcoin ETF continued to expand throughout November. By November 8, its holdings reached 192 Bitcoins, with an AUM of $21,996,773.71 AUD.
Read also: Aussie Bitcoin ETF is Stacking Sats While BTC Price Stalls
On November 11, holdings increased to 195 Bitcoins, and the AUM rose to $24,049,680.87 AUD. This growth accelerated, leading to November 12, when the ETF reported 202 Bitcoins and an AUM of $27,648,926.36 AUD.
The ETF’s holdings surged further on November 13, reaching 206 Bitcoins and an AUM of $27,596,955.23 AUD. On November 14, the ETF peaked with 221 Bitcoins and an AUM of $30,727,155.18 AUD.
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