Monochrome COO: IBTC has supported two-way physical bitcoin subscription and redemption

Bridget Nicholas, chief operating officer of Monochrome, an Australian bitcoin exchange-traded fund issuer, said in a post on the X platform that the Monochrome Bitcoin ETF (IBTC) has supported two-way physical bitcoin subscription and redemption, and its structure is a bare trust, which means that investors have absolute ownership of physical bitcoin. IBTC will strive to become a bitcoin ETF designed for long-term bitcoin holders.