Back

Monochrome Bitcoin ETF Holdings Drop to 10,675 BTC Worth A$199 Million

Monochrome's spot Bitcoin ETF (IBTC) reports a decline in Bitcoin holdings to 10,675 BTC, valued at around A$199 million as of October 8.

BTC

Summary

Monochrome's spot Bitcoin ETF (IBTC) revealed that its holdings decreased to 10,675 BTC, worth approximately A$199 million as of October 8. The fund disclosed this information on X, indicating a reduction in its Bitcoin exposure.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund that directly holds Bitcoin, allowing investors to gain exposure to the cryptocurrency's price movements without owning it outright.
  • BTC: The ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.
  • A$: The symbol for the Australian dollar, the official currency of Australia.