[Coin World] The latest data as of December 1 shows that the Spot Bitcoin ETF product (code IBTC) under Australia's Monochrome has announced its latest Holdings. As of November 28, the fund has accumulated 1161 Bitcoins, and based on the current price, the market capitalization of its Holdings has surpassed 162 million AUD. This figure reflects the continuous rise in demand from Financial Institutions for Bitcoin allocation.
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TokenStorm
· 7h ago
1161 pieces? According to on-chain data, the allocation strength of Australian institutions is generally weak, but this indeed indicates that TradFi is slowly admitting defeat.
However, based on the current risk coefficient, this level of holdings cannot support the subsequent FOMO market, waiting for the Whale to enter the market.
160 million AUD sounds impressive, but after converting to USD, the arbitrage space is a bit awkward.
Institutions are still cautiously building positions, while we retail investors have long been in the eye of the storm.
This is just the beginning, let's wait for Bitcoin to double again and see if they suddenly go all in.
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DegenWhisperer
· 8h ago
The actions over here in Australia are really fast... Institutions are secretly hoarding.
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ReverseTradingGuru
· 8h ago
Australia is making quite a move, directly pouring in 1161 coins... TradFi is really starting to take it seriously.
Australia's Bitcoin ETF holdings have surpassed 1161 coins, with a market capitalization exceeding 1.62 million AUD.
[Coin World] The latest data as of December 1 shows that the Spot Bitcoin ETF product (code IBTC) under Australia's Monochrome has announced its latest Holdings. As of November 28, the fund has accumulated 1161 Bitcoins, and based on the current price, the market capitalization of its Holdings has surpassed 162 million AUD. This figure reflects the continuous rise in demand from Financial Institutions for Bitcoin allocation.