🎶 All I want for Christmas is to move my Bitcoin and Ethereum holdings into a regulated ETF structure!! 🎶
What a catchy tune, says Monochrome Asset Management. It's enough to make your dreams come true!
As 2024 draws to a close, the Monochrome team is reflecting on the magic of launching IBTC and IETH to the Australian market. The Monochrome elves have been busy and our Christmas wish-list has already been delivered:
- IBTC launched to the Cboe market in June 2024.
- IETH launched to the Cboe market in October 2024.
- We had our record trading day in December with 3m AUD in traded volume in IBTC.
- We maintained market-leading tracking difference to our ETF benchmarks all year, in both IBTC and IETH.
- In an Australian first, we facilitated systematic in-kind transactions in both ETFs (inwards and outwards to the ETF) helping digital assets holders move their assets into a regulated structure.
- We were nominated for a Finder innovation award for our ETFs novel product features.
- We headlined the AFR Crypto and Digital Assets Summit, and delivered a lead presentation and panel presentation at Crypto Con.
- Monochrome reached 50m in AUM in our ETFs.
- We were the first Australian digital assets issuer to appoint dual digital asset custodians.
- We commenced design and execution on 2 exciting new digital assets ETFs, planned to launch in Australia in 2025.*
Wishing all our clients, accredited advisers, adviser partners and commercial partners a wonderful festive season. Thank you for your support in 2024. The greatest gift you can give the Monochrome team is to follow me here on Livewire, and/or subscribe to our mailing list via the Monochrome website.
The best is yet to come at Monochrome!
*subject to exchange and regulatory approval.
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Bridget Nichols is Monochrome's COO and chair of its Governance Committee. She has 20 years’ experience in building commercial, operating and regulatory frameworks for new businesses/products in the financial markets industry. Bridget has been actively involved in the launch of ~25 ETFs in Australia, across all asset classes. She has also proudly launched four financial markets businesses, two of which had engineered financial exits. Bridget has held business leadership and legal roles at ETF market-making firm Nine Mile Trading, exchanges in Australia and Europe (ASX, Chi-X Europe) and Institutional Banks in APAC, Europe and America (UBS, State Street). She is passionate about digital assets and the good they can bring to the world.
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This publication has been prepared by Monochrome Asset Management Pty Ltd ABN 80 647 701 246 (Monochrome) the Investment Manager of the Monochrome Bitcoin Fund (the Fund). Monochrome is a Corporate Authorised Representative No. 1286428 of Non Correlated Capital Pty Ltd ABN 99 143 882 562 AFSL 499882 (NCC). NCC is the Trustee of the Fund. This publication has been prepared by Monochrome to provide you with general information only. In preparing this publication, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Monochrome, NCC nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accept any liability to any person who relies on it. You should obtain professional advice and consider the Information Memorandum before making a decision in relation to this product. Any forecasts and hypothetical examples are subject to uncertainty and are not guaranteed. Past performance is not a reliable indicator of future performance. You can obtain a copy of the Information Memorandum for the Fund by contacting Monochrome at https://monochrome.co.
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Bridget Nichols is Monochrome's COO and chair of its Governance Committee. She has 20 years’ experience in building commercial, operating and regulatory frameworks for new businesses/products in the financial markets industry. Bridget has been...
Expertise
Bridget Nichols is Monochrome's COO and chair of its Governance Committee. She has 20 years’ experience in building commercial, operating and regulatory frameworks for new businesses/products in the financial markets industry. Bridget has been...
Expertise
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