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Monochrome Applies for Ethereum ETF Listing in Australia

Sep 5, 2024
  1. Monochrome's Push for Ethereum ETF Approval
  2. Expanding Monochrome's Digital Asset Offerings
  3. What's Next for the Ethereum ETF?

Monochrome Asset Management, an Australian digital asset management firm, has applied to list its Monochrome Ethereum ETF on Cboe Australia. A decision is expected by the end of the month.

Monochrome's Push for Ethereum ETF Approval

If approved, the Monochrome Ethereum ETF will trade under the ticker IETH, offering investors both cash and in-kind transaction options. This new fund is designed to provide exposure to Ethereum, further expanding Monochrome’s footprint in the Australian digital asset investment space.

Expanding Monochrome's Digital Asset Offerings

Monochrome is well-known for its IBTC ETF, which provides direct exposure to Bitcoin. Now, the company aims to broaden its portfolio with IETH, offering Australian investors regulated access to one of the most prominent digital assets on the market.

What's Next for the Ethereum ETF?

With the application now under review, Cboe Australia is expected to announce its decision by the end of the month. If successful, Monochrome’s IETH ETF will mark another milestone in Australia’s growing crypto investment landscape.

The Monochrome Ethereum ETF Cboe Australia application is a significant development for Australian investors seeking regulated exposure to digital assets. If approved, the IETH ETF will complement Monochrome’s existing IBTC product, solidifying its position as a pioneer in the country’s digital asset investment market.

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