Monochrome Bitcoin ETF ($IBTC) Keeps Stacking Sats While BTC Price Stalls

The Monochrome Bitcoin ETF (IBTC) is surging in popularity among Australian investors. As the country's first Bitcoin ETF to directly hold the cryptocurrency

The Monochrome Bitcoin ETF (IBTC) is gaining traction among Australian investors as the country’s first Bitcoin ETF to directly hold the cryptocurrency. The ETF enables investors to track Bitcoin’s price in Australian Dollars (AUD).

To provide a snapshot of its assets and Bitcoin holdings, the ETF offers daily updates, ensuring full transparency in its operations. Here's a closer look at IBTC's Bitcoin holdings and AUM growth in October and November 2024.

October Growth

The Monochrome Bitcoin ETF steadily increased its Bitcoin holdings throughout late October 2024. On October 29, the fund held 160 Bitcoins, with an AUM of $17,377,122.10 AUD.

This accumulation began on October 29, with the ETF adding 160 Bitcoins to its holdings, valued at 17,377,122.10 AUD. The following day, holdings grew to 168 Bitcoins, with an AUM of $18,573,925.87 AUD. The ETF continued to stack sats on October 31, reaching 169 Bitcoins and an AUM of $18,654,435.50 AUD.

November Growth

The month of November started off with strong growth for the Aussie Bitcoin ETF. On November 1, the ETF held 173 Bitcoins, valued at $18,317,276.12 AUD. The upward trend became more evident on 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. The 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.

On November 11, holdings increased to 195 Bitcoins, and the AUM rose to $24,049,680.87 AUD. The growth accelerated leading up 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.

This concludes our summary of the Monochrome Bitcoin ETF's (IBTC) Bitcoin holdings and AUM growth in October and November 2024. The ETF's performance and holdings are subject to change, and investors are advised to monitor the latest updates for the most accurate information.