Monochrome Asset Administration have introduced that the agency, alongside its Accountable Entity accomplice Vasco Trustees Restricted, has lodged an software to cite the Monochrome Ethereum ETF (Ticker: IETH) on Cboe Australia.
IETH will passively maintain Ethereum, providing retail traders a singular, regulated alternative to achieve publicity to the second-largest crypto-asset by market capitalisation.
The launch of the Monochrome Ethereum ETF (Ticker: IETH) will broaden the vary of regulated crypto-asset funding choices obtainable to Australian traders and follows the launch of the not too long ago quoted Monochrome Bitcoin ETF (Ticker: IBTC) in June this yr. IETH may also be a dual-access fund which can permit money and in-kind functions and redemptions for traders.
Topic to quoting approval, Monochrome expects IETH to be quoted on Cboe Australia in direction of the tip of September 2024 and will probably be obtainable on main brokerage platforms.