Australia's Monochrome Bitcoin ETF has supported dual-direction physical Bitcoin subscriptions and redemptions.

According to Golden Finance, Bridget Nicholas, chief operating officer of Monochrome, an Australian bitcoin exchange-traded fund issuer, said in a post on social platforms that the Monochrome Bitcoin ETF (IBTC) has supported two-way physical bitcoin subscription and redemption, and its structure is a naked trust, which means that investors have absolute ownership of physical bitcoin. IBTC will aim to be a Bitcoin ETF built for long-term Bitcoin holders.
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