News: 3 Strategies to Manage Bitcoin’s VolatilityRead More
Regulated Bitcoin Exposure
The Fund offers a passive investment exposure to bitcoin.
The Fund does not engage in any trading, derivatives, or short-term price speculation, and adopts a passive ‘buy and hold’ strategy.
Monochrome Asset Management Pty Ltd is a Corporate Authorised Representative (CAR No. 128 6428) of AFSL No. 499882.
Leading Industry Knowledge
Monochrome’s management team has over 150 years of combined experience in funds management, and digital asset investments.
Our team works closely with external business and technical expert advisors to validate and generate new processes.
Insured Qualified Custody
The Fund’s digital asset custodian is industry renowned US-chartered trust company, BitGo Trust.
Digital assets are securely stored and handled with institutional-grade practices such as offline signing and multi-signature key management.
Note: Past performance is not a reliable indicator of future performance.
The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
Chief Executive Officer
Jeff is the founder and former CEO of Australia's largest and most liquid Digital Asset exchange by trading volume.
Under Jeff’s leadership, in less than a year, Binance Australia amassed trade volumes of more than $20 billion AUD. Jeff has been active in the Bitcoin markets since 2013.
Chief Investment Officer
David has been a trader and hedge fund manager for over 20 years, with roles at BT, Macquarie Bank and ABN Amro.
Selling his hedge fund business to Blue Sky Alternative Investments in 2010, David managed Blue Sky's hedge fund division until 2015. He has been an investor in digital assets since 2015.
Head of Distribution
Craig holds over 25 years of leadership experience across financial services, funds management, and superannuation including BT, Nikko Asset Management, and Rest Super.
Craig helps to create distribution and growth strategies for Monochrome’s products, such as the Monochrome Bitcoin Fund.
Derek V. Henningsen
Head of Legal
Derek has over 20 years of experience across financial services, funds management and digital assets, specialising in legal, risk and compliance.
Derek’s experience spans large and boutique asset managers such as Financial Ombudsman Service, establishing the digital asset exchange Huobi Australia, and most recently as the Head of Fund & Mandate Compliance at IFM Investors.
Head of Research
Hass is a chartered professional civil engineer with over 8 years of experience across operation and financing over $20 billion worth of mega public and private infrastructure in Australia. He is recognised globally for his research and writing on Bitcoin’s environmental, economic, and social impacts since 2014.
Featured Research and News
Risk Part 3: Uncontrollable Risk
In this piece, we look at some of the risks of investing in Bitcoin that are beyond mitigation or are impracticable to mitigate, which we define as uncontrollable risks. Furthermore, conclusions will be drawn to determine whether or not these uncontrollable risks may become controllable in the future.
Why do People Look at Bitcoin’s Price on a Log Scale?
Despite first being launched on January 3rd, 2009, Bitcoin had no market value until over a year and a half later, first trading for around 5 US cents in July 2010. Just over 13 years later, a single bitcoin was worth approximately US$39,000 - a growth of just under 80 million percent (80,000,000%) since its inception.
What does Bitcoin actually do?
The answer to the question “what does Bitcoin actually do?” lies in the ancient Buddhist parable of “the blind men and an elephant”. In this story, a group of blind men encounter an elephant for the first time, and try to identify what the elephant is and does by touching different parts of it.
Craig Hobart Presents at Advisers Big Day Out 2022: Considering Crypto-Assets Post ASIC REP 705
Craig Hobart, Head of Distribution at Monochrome Asset Management, attended the Advisers Big Day Out (ABDO) conference to discuss the developments in the crypto-asset space relevant to financial advisers following ASIC REP 705.
3 Strategies to Manage Bitcoin’s Volatility
Some market commentators point to bitcoin’s very high volatility as a major deterrent for use and investment; however, investors may be able to either minimise or otherwise utilise this volatility in a portfolio through varying familiar approaches.
Time Zone Considerations for Benchmark Selection in an Australian Passive Spot Bitcoin ETP
In this paper we look at the criteria for index selection in a spot bitcoin ETP, with particular focus on the timing of the index. In a recent article, CF Benchmarks have analysed the suitability of the CME CF Bitcoin Reference Rate (BRR) for the creation of regulated products and more recently performed analysis comparing this to a Sydney-based time period. We draw on that analysis in this paper and expand on it in the context of the impact on the performance, costs and market dynamics when used in a passive bitcoin ETP.
Ready to Invest?
Access to the Monochrome Bitcoin Fund is strictly for wholesale investors only.
Download and read the Information Memorandum (IM).
Download and complete the wholesale investor declaration form.
Applications should be completed and submitted prior to the 21st of every month.
Investment funds you wish to be included in the following month series must be cleared into the trust bank account by no later than the 25th of every month.