Monochrome Bitcoin Fund Summary
Monochrome Bitcoin Fund provides wholesale investors investment-grade bitcoin exposure. View our fund summary sheet to find out more.
Monochrome Bitcoin Fund (‘MBF’) is a capital growth fund that offers a regulated and familiar investment vehicle designed to track the price of bitcoin.
As Bitcoin grows into a globally recognised store of value, the appetite for bitcoin as a strategic asset on institutional balance sheets continues to strengthen.
With negatively yielding investments becoming the new normal in a world of rising economic uncertainty, Bitcoin presents an uncorrelated and liquid alternative hedge against expansionary monetary policies.
MBF provides wholesale investors access to bitcoin exposure via a secure, regulated, and familiar investment vehicle; a unit trust.
The Fund will target a near 100% allocation to Bitcoin and securely store the asset with its custodian - US-chartered trust company, BitGo Trust. For risk management purposes MBF has adopted a strictly passive ‘buy and hold’ strategy and will not engage in derivatives, leverage, or short selling.
The units in MBF will appeal to investors within investor directed portfolio services (IDPS), managers of fund of fund mandates, and self-directed wholesale investors with self-managed super funds.
MBF as an investment solution, allows investors to enjoy Bitcoin ownership alongside traditional asset investments, without the need to engage with new technology and subsequent administrative burdens.
Traditional 60/40 Fund + BTC allocation
(Chart - Rebalanced monthly)
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.
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.
Kevin has 20 years of financial experience in a variety of directorship, relationship management, consulting, product marketing, capital raising and portfolio management roles. In addition, Kevin brings over 10 years of auditable investment track-record, across equities, options, and Futures markets.
Key Information Summary
To offer an investment vehicle that tracks the price of bitcoin.
1.5% per annum.
$5,000 (AUD) increments
Applications are to be received by the 25th of each month.
Redemptions received by the 25th of each month are payable by the 15th of the following month.
Download Summary Sheet
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