Monochrome Bitcoin Fund secures investment grade rating

Monochrome Asset Management announced today that the Monochrome Bitcoin Fund (MBF) received an investment grade rating from respected research firm, SQM Research.

This research means financial advisers are now able to consider the Monochrome Bitcoin Fund for their approved products list.

Head of Distribution at Monochrome, Craig Hobart, said achieving an investment grade rating provides Australian wholesale investors and advisers with increased confidence 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.”

During SQM’s research rating process, Monochrome’s flagship Monochrome Bitcoin Fund was reviewed on a number of key criteria including governance, compliance, liquidity and risks.