IETH: Monochrome’s Bid to Launch Australia’s First Spot Ethereum ETF
- Monochrome has filed for a spot ETH ETF with Cboe Australia.
- The firm expects a decision by the end of September.
- US Spot ETH ETFs saw outflows worth $37 million on September 4.
Monochrome Asset Management, an Australian firm authorized to provide institutional access to Bitcoin, has applied for a spot Ethereum exchange-traded fund (ETF) with Cboe Australia.
According to an announcement, if approved, the Ethereum ETF will trade under the ticker IETH on Cboe Australia and the firm also added that it expects an official confirmation before the end of the month and seeks to provide “retail investors regulated access to Ethereum.”
“Subject to quoting approval, Monochrome expects IETH to be quoted on Cboe Australia towards the end of September 2024 and will be available on major brokerage platforms.”
Monochrome’s Responsible Entity partner, Vasco Trustees Limited, will collaborate on the launch of IETH. The ETF will passively hold Ethereum, “offering retail investors a unique, regulated opportunity” to gain exposure to Ether (ETH), the native token of the Ethereum blockchain.
The post IETH: Monochrome’s Bid to Launch Australia’s First Spot Ethereum ETF appeared first on Coin Edition.
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IETH: Monochrome’s Bid to Launch Australia’s First Spot Ethereum ETF
- Monochrome has filed for a spot ETH ETF with Cboe Australia.
- The firm expects a decision by the end of September.
- US Spot ETH ETFs saw outflows worth $37 million on September 4.
Monochrome Asset Management, an Australian firm authorized to provide institutional access to Bitcoin, has applied for a spot Ethereum exchange-traded fund (ETF) with Cboe Australia.
According to an announcement, if approved, the Ethereum ETF will trade under the ticker IETH on Cboe Australia and the firm also added that it expects an official confirmation before the end of the month and seeks to provide “retail investors regulated access to Ethereum.”
“Subject to quoting approval, Monochrome expects IETH to be quoted on Cboe Australia towards the end of September 2024 and will be available on major brokerage platforms.”
Monochrome’s Responsible Entity partner, Vasco Trustees Limited, will collaborate on the launch of IETH. The ETF will passively hold Ethereum, “offering retail investors a unique, regulated opportunity” to gain exposure to Ether (ETH), the native token of the Ethereum blockchain.
The post IETH: Monochrome’s Bid to Launch Australia’s First Spot Ethereum ETF appeared first on Coin Edition.
Read More