【Block Rhythm】New developments have come from Australia, where Monochrome's Spot Bitcoin ETF product has updated its entire savings. As of November 28, this fund, coded IBTC, has accumulated 1161 Bitcoins, which, based on the market at that time, has a market capitalization exceeding 16.2 million Australian dollars.
To be honest, this growth rate is quite stable, and the acceptance of Bitcoin ETFs in the Australian market seems to be continuing to warm up. For investors looking to allocate digital assets through traditional financial channels, such compliant products indeed provide a relatively convenient path.
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BearMarketSurvivor
· 15h ago
1161 coins, Australia is really going to the sky, the signal for traditional finance to officially get on board has arrived
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The growth rate of IBTC is really steady, the compliance configuration of ETF is extremely appealing, and institutions are quietly stocking up
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The Australian dollar valuation has already broken 162 million, this is true liquidity, unlike some coins that have to find their own market
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Compliance channels + Spot ETF, oh my, this is the salvation for newbies, saying goodbye to leverage hell
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Breaking a thousand coins is not surprising, the key is whether this momentum can be stabilized, the true test will be seen in the next quarter
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Australians are smart with this operation, it should have been like this, why is traditional finance so slow
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I want to ask, will this speed already be reflected in the price, or is there still a story to tell
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ETF is the standard configuration for institutions to buy the dip, the U.S. has long been full, now it's Australia's turn
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1161 coins sounds like a lot, but this market capitalization is really insignificant on a global scale
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Really, with compliance products so hot, it shows that large investors are looking for safe exit channels.
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CodeAuditQueen
· 15h ago
1161 Bitcoins... Just the thought of this custody risk is enough to keep me awake at night. Has anyone ever cared about which Cold Wallet these coins are stored in?
These types of ETF products seem to be in Compliance, but who is responsible for the security audit reports of the underlying smart contracts? I just want to know.
Is the Australian market heating up? Or is the Fed's expectation of interest rate cuts heating up... Don't get the causality mixed up.
Australia's Monochrome Bitcoin ETF holdings exceed 1,000 coins, with a market capitalization of over 162 million AUD.
【Block Rhythm】New developments have come from Australia, where Monochrome's Spot Bitcoin ETF product has updated its entire savings. As of November 28, this fund, coded IBTC, has accumulated 1161 Bitcoins, which, based on the market at that time, has a market capitalization exceeding 16.2 million Australian dollars.
To be honest, this growth rate is quite stable, and the acceptance of Bitcoin ETFs in the Australian market seems to be continuing to warm up. For investors looking to allocate digital assets through traditional financial channels, such compliant products indeed provide a relatively convenient path.