The Australian Bitcoin ETF (IBTC) has reached a significant milestone, amassing a total of 100 BTC since its launch. The ETF’s progressive acquisition of Bitcoin, as depicted in the accompanying chart, demonstrates a steady increase in holdings. Starting with 17 BTC on June 4, 2024, the ETF’s holdings grew incrementally, achieving 34 BTC by June 11, 59 BTC by June 24, and continuing this upward trajectory to 100 BTC by July 29, 2024. This rapid accumulation underscores the ETF’s robust strategy and investor confidence in the cryptocurrency market.

The continuous growth of IBTC highlights the rising interest and investment in Bitcoin within the Australian market. The ETF’s strategic purchases reflect broader trends in cryptocurrency adoption and institutional investment. As Bitcoin continues to gain acceptance and recognition as a viable asset, the IBTC’s success serves as a testament to the potential of Bitcoin ETFs to attract significant capital and enhance market participation in the evolving financial landscape.