What’s the difference between the two bitcoin ASX ETF’s IBTC & EBTC?

Hi Sidney,

A couple of very diverse questions here:

The two ASX listed Bitcoin ETF’s have subtle differences:

• The Monochrome Bitcoin ETF (IBTC) holds bitcoin directly and looks to track the crypto based in $A.
• The Global X 21 SHARES ETF looks to track Bitcoin by reference to the Crypto Comparison Aggregated Index. i.e. investors have a beneficial interest without actually holding Bitcoin.

At this stage we would be inclined to favour the EBTC ETF as it trades over three time the volume of the IBTC ETF.

The “indicative price” of any stock before the open is just that, an indication, any orders on the buy/sell side can and often will change the price when the stock actually starts trading – note larger orders are often entered at the last moment to avoid showing their hand to the market.

• When you see EP go through it means somebody has exercised a Put Option.