Amidst a backdrop of widespread selling in Asian markets, Australian investors are displaying a robust appetite for Bitcoin, capitalizing on the recent dips to increase their holdings. According to a tweet from HODL15Capital, Australians are bucking the trend by purchasing more Bitcoin through the Monochrome Bitcoin ETF (Ticker: $IBTC), even as other regions may be more cautious.

The Monochrome Bitcoin ETF, which is Australia’s pioneering ETF holding Bitcoin directly, has shown a significant increase in assets under management (AUM) in a matter of weeks. From July 17, 2024, to August 2, 2024, the ETF’s Bitcoin count rose from 87 to 107, with its AUM jumping from approximately $8.5 million to over $10.5 million AUD. This uptrend reflects a keen investor interest in Bitcoin within the country, suggesting a strong belief in the long-term potential of this cryptocurrency, even in volatile times.