Monochrome Applies for Ethereum ETF Listing on Cboe Australia

Monochrome Ethereum ETF Cboe Australialisting is in the works as Monochrome Asset Management, an Australian digital asset management firm, applies to list its Monochrome Ethereum ETFon Cboe Australia, according to a report from Crypto Briefing. The firm has partnered with Vasco Trustees Limitedto bring this new ETF to the Australian market, with a decision expected by the end of the month.

Monochromes Push for Ethereum ETF Approval

If approved, the Monochrome Ethereum ETFwill 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. The launch of this ETF would complement the firm’s existing IBTCfund, which was Australias first direct spot Bitcoin ETF.

• Cash and In-Kind Transactions:The IETH ETFwill allow both cash and in-kind transactions, giving investors more flexibility in how they engage with the fund. This feature is particularly appealing to institutional investors looking for efficient ways to gain Ethereum exposure.

Expanding Monochromes Digital Asset Offerings

Monochrome is well-known for its IBTC ETF, which provides direct exposure to Bitcoin, and now aims to broaden its portfolio with IETH. The new Ethereum ETFwill offer Australian investors regulated access to one of the most prominent digital assets on the market.

• Complementing IBTC:The IETH ETFwill sit alongside IBTC, positioning Monochrome as a leader in regulated digital asset investment products within Australia. As more investors seek exposure to digital currencies, Monochromes Ethereum ETF could attract both retail and institutional investors looking to diversify their portfolios.

Whats Next for the Ethereum ETF？

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

Conclusion

The Monochrome Ethereum ETF Cboe Australiaapplication is a significant development for Australian investors seeking regulated exposure to digital assets. If approved, the IETH ETFwill complement Monochrome‘s existing IBTCproduct, solidifying its position as a pioneer in the country’s digital asset investment market. As the decision approaches, investors will be watching closely to see if this Ethereum ETF can further enhance Monochromes offerings.

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