The Australian Monochrome Spot Bitcoin ETF (IBTC) has indeed increased its Bitcoin holdings to 937 #BTC as of July 4, with a market value of approximately 155 million Australian dollars. This significant accumulation reflects growing investor confidence in digital assets within the Australian market.
To break it down:
- *Current Holdings:* 937 $BTC
- *Market Value:* Approximately 155 million Australian dollars
- *Trend:* The ETF's #bitcoin reserves have been increasing steadily, underscoring investor confidence in digital assets
Some notable milestones in the ETF's holdings include:
- *April 29:* 345 BTC, valued at approximately $50.9612 million
- *May 14:* 446 BTC, valued at approximately $71.29 million
- *May 20:* 498 BTC, valued at approximately $81,748,600
- *May 22:* 550 BTC, valued at approximately $94,671,400
- *July 4:* 937 BTC, valued at approximately 155 million Australian dollars
This growth highlights the increasing institutional adoption of cryptocurrency investment vehicles and reinforces Bitcoin's role in diversified portfolios.