Return to blog home

Home del blog


INSTITUTIONAL

JUN 14, 2024

Gemini Has Been Appointed As the Custodian for the Monochrome Bitcoin ETF (Ticker: IBTC)

link
06112024 MONOCHROME Blog 01 (2)

We are pleased to announce that we’re providing bitcoin custody for a spot bitcoin ETF listed June 4 by Monochrome Asset Management, an Australia-based investment manager that offers access to crypto assets through traditional financial markets.

Monochrome Bitcoin ETF (Ticker: IBTC) is the first Australian spot bitcoin ETF to hold bitcoin directly under a specific crypto asset Australian Financial Services License. IBTC gives retail and institutional investors the opportunity to invest in bitcoin, which is held in institutional grade custody offered by Gemini Trust Company, LLC.

IBTC is the first and currently only exchange-traded fund in the Australian market to be authorized under a specific crypto asset licensing category. Prior to IBTC, Australian investors were only able to invest in ETFs that indirectly hold bitcoin or through offshore bitcoin products, both of which do not benefit from the investor protection rules under the directly held crypto asset AFS licensing regime.

IBTC implements a passive buy-and-hold strategy with bitcoin. The fund does not implement leverage, derivatives or short-selling. IBTC also offers in specie redemptions which allows investors to take custody of their bitcoin.

Gemini Supports Crypto ETFs

As a qualified custodian, Gemini meets requirements outlined by the Australian Securities and Investments Commission for being a suitable custody provider for Australian crypto-asset retail product issuers.

We’re excited to continue supporting Monochrome as they expand crypto access through this historic launch.

Onward and Upward!

Team Gemini

*This material is for informational purposes only and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Gemini. Gemini, its affiliates and its employees do not make any representation or warranty, expressed or implied, as to accuracy or completeness of the information or any other information transmitted or made available. Buying, selling, and trading cryptocurrency involves risks, including the risk of losing all of the invested amount. Recipients should consult their advisors before making any investment decision. Any use, review, retransmission, distribution, or reproduction of these materials, in whole or in part, is strictly prohibited in any form without the express written approval of Gemini. *

ARTICOLI CORRELATI

Gemini Blog Image

WEEKLY MARKET UPDATE

NOV 21, 2024

Bitcoin Hits All-Time High After BTC ETF Options Debut, Memecoins Make Moves, and MicroStrategy Continues To Surge

resize 5 new perps listings

DERIVATIVES

NOV 20, 2024

Introducing Five New Perpetual Contracts on Gemini’s Derivatives Platform: BOME/GUSD, GOAT/GUSD, MEW/GUSD, PNUT/GUSD, POL/GUSD

Gemini Launches in France as Country’s Trust in Crypto Increases

INDUSTRY

NOV 19, 2024

Gemini Launches in France as Country’s Trust in Crypto Increases

Un modo semplice e sicuro per acquistare e vendere criptovalute

Scambia bitcoin e altre criptovalute in 3 minuti.