- The Monochrome Bitcoin ETF ($IBTC) has seen important development in its Bitcoin holdings and belongings beneath administration.
- IBTC offers Australian buyers with direct publicity to Bitcoin value actions in AUD.
- The ETF offers each day updates on its Bitcoin holdings and belongings beneath administration, guaranteeing transparency for buyers.
The Monochrome Bitcoin ETF (IBTC) is gaining reputation amongst Australian buyers. Because the nation's first Bitcoin ETF to instantly maintain the cryptocurrency, IBTC permits buyers to trace the worth of Bitcoin in Australian {dollars} (AUD). The ETF offers each day updates on its belongings and Bitcoin holdings, offering full transparency.
October development
On the finish of October 2024, the Monochrome Bitcoin ETF steadily elevated its Bitcoin holdings. As of October 29, the fund held 160 Bitcoin, with belongings beneath administration of AUD 17,377,122.10.
This marked the beginning of continued Bitcoin accumulation. As of October 30, holdings reached 168 Bitcoins, with belongings beneath administration of AUD$18,573,925.87. This momentum continued on October 31, because the ETF reached 169 Bitcoins and AUM of 18,654,435.50 AUD.
November development
November began with sturdy development for $IBTC. On November 1, the ETF held 173 Bitcoins, valued at $18,317,276.12 AUD. This upward development grew to become extra pronounced on November 5, when holdings elevated to 178 Bitcoins with AUM of AUD$18,565,270.39.
On November 6, the ETF gathered 181 Bitcoins, bringing its belongings beneath administration to AUD$20,542,659.86. This development continued on November 7, with 187 Bitcoins and AUM of $21,195,909.94 AUD.
Progress in belongings beneath administration continues
The Monochrome Bitcoin ETF continued to develop all through November. As of November 8, its holdings reached 192 Bitcoins, with belongings beneath administration of $21,996,773.71 AUD.
Additionally Learn: Australian Bitcoin ETF Stacks Sats as BTC Value Stagnates
On November 11, holdings elevated to 195 Bitcoin and belongings beneath administration reached $24,049,680.87 AUD. This development accelerated, till November 12, when the ETF reported 202 Bitcoins and belongings beneath administration of $27,648,926.36 AUD.
The ETF's holdings elevated additional on November 13, reaching 206 Bitcoins and belongings beneath administration of AUD$27,596,955.23. On November 14, the ETF peaked with 221 Bitcoins and AUM of AUD$30,727,155.18.
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