According to Jinse Finance, Bridget Nicholas, COO of Monochrome, the issuer of Australia’s Bitcoin exchange-traded fund, stated on the X platform that the Monochrome Bitcoin ETF (IBTC) has supported two-way physical Bitcoin subscription and redemption. Its structure is a bare trust, which means that investors have absolute ownership of the physical Bitcoin. IBTC will strive to become a Bitcoin ETF specifically designed for long-term Bitcoin holders.
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Monochrome COO: IBTC has supported two-way physical Bitcoin subscription and redemption.
According to Jinse Finance, Bridget Nicholas, COO of Monochrome, the issuer of Australia’s Bitcoin exchange-traded fund, stated on the X platform that the Monochrome Bitcoin ETF (IBTC) has supported two-way physical Bitcoin subscription and redemption. Its structure is a bare trust, which means that investors have absolute ownership of the physical Bitcoin. IBTC will strive to become a Bitcoin ETF specifically designed for long-term Bitcoin holders.