Diagram: Simplified in-specie software stream for the Monochrome Bitcoin ETF (IBTC)
IBTC Administration Payment Changes
This strategic adjustment displays Monochrome’s dedication to supporting investor progress and accessibility, offering broader entry to regulated Bitcoin merchandise.
From July 15, 2024, the administration charge for the Monochrome Bitcoin ETF (Ticker: IBTC) will probably be adjusted from 0.98% p.a. to 0.50% p.a. Please notice that brokerage charges and commissions might apply, discuss with your dealer for particulars.
IBTC Adviser Program
As well as, Monochrome is proud to introduce the IBTC Adviser Program. Starting July 15, 2024, Australian wholesale traders who subscribe to IBTC via an eligible monetary adviser will take pleasure in a 0.29% charge rebate on the administration charge.
“We constantly take heed to our purchasers and perceive the significance of a high-quality bitcoin product to align with their funding aims and desires, and there’s a hole relating to suggested purchasers,” mentioned Jeff Yew, CEO of Monochrome Asset Administration.
“The IBTC Adviser Program underscores Monochrome dedication to offering funding alternatives that meet the wants of our traders. We imagine this transfer will assist strengthen belief amongst advisers and their purchasers in conversations referring to Bitcoin and their digital asset methods.”
Monetary advisers might want to move an accreditation program from Monochrome Analysis to qualify for the IBTC Adviser Program. A yearly adviser accreditation charge applies. For extra details about the IBTC Adviser Program, please contact [email protected].
