SQM delivers Monochrome Bitcoin Fund rating
Digital asset manager, Monochrome Asset Management, has announced its Monochrome Bitcoin Fund (MBF) has received an ‘Investment Grade’ rating from research and ratings house, SQM Research.
This allows financial advisers to consider the Monochrome Bitcoin Fund for their approved products list.
SQM’s research rating process reviewed the fund across several criteria including governance, compliance, liquidity and risks.
Craig Hobart, Head of Distribution at Monochrome, said the ‘Investment Grade’ rating increases the confidence of Australian wholesale investors and advisers in the Monochrome Bitcoin Fund.
“Following a period of hard, diligent work by our team, Monochrome has earnt an investment grade rating for the Monochrome Bitcoin Fund,” Hobart said.
“This represents an important step in providing market participants with access to Bitcoin via a regulated, and now rated, managed investment scheme.
“We believe this rating confirms the quality of the product and gives financial advisers a new means to engage with wholesale clients and the digital asset market.”
More overreach by ASIC suggesting it knows better than trustees how to invest, and in what assets. And embarrassingly again…
Sure Andy, please draft a submission. Or get the AIOFP or FAAAAAAA to draft one and we all lodge it…
I would encourage as many advisers as possible to lodge their own submission https://treasury.gov.au/consultation/c2025-625248 Let Treasury know we're no happy…
I thought this was APRA's job? This is a very curious development.
Typical mismanagement of the economy by yet another useless labour government. Here we are once again picking up the tab…