Key Takeaways
- Monochrome companions with Vasco Trustees to launch an Ethereum ETF.
- The ETF is ready for Cboe Australia itemizing by September 2024.
Share this article
Monochrome Asset Administration, in partnership with Vasco Trustees Restricted, has formally utilized to record the Monochrome Ethereum exchange-traded fund (ETF) on Cboe Australia, the corporate shared in a Thursday press release. Monochrome expects a decision earlier than the end of this month.
Designed to passively maintain Ethereum (ETH), Monochrome’s proposed product goals to offer retail traders with a regulated methodology to speculate on the earth’s second-largest crypto asset by market capitalization. If accepted, the ETF will likely be listed beneath the IETH ticker, mentioned the agency.
The introduction of IETH is ready to increase the variability of regulated funding choices in crypto belongings for Australian traders. It can comply with the sooner rollout of the corporate’s flagship product, the Monochrome Bitcoin ETF (IBTC), additionally acknowledged as Australia’s first ETF that holds Bitcoin immediately.
As of September 4, IBTC’s Bitcoin holdings had been valued at round $11.3 million, based on an update on its web site.
The IETH fund can even function twin entry, permitting each money and in-kind transactions for traders. Pending approval, Monochrome anticipates that IETH will likely be accessible by means of main brokerage platforms.
It is a growing story. We’ll replace as we study extra.
Share this article
