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tldr; Monochrome Asset Management has launched Australia's first exchange-traded fund (ETF) directly holding Ether, called the Monochrome Ethereum ETF (IETH). It went live on the Cboe Australia exchange with assets under management reaching $176,600. The ETF has a management fee of 0.50% and allows transactions in cash or Ether. BitGo and Gemini are the custodians, and State Street Australia is the fund administrator. This follows the launch of Monochrome's Bitcoin ETF, which has amassed significant assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Australia's Monochrome is set to launch the country's first spot Ethereum ETF on Cboe, holding physical ETH. This follows their Bitcoin ETF and marks Australia's entry into direct crypto ETFs, similar to the U.S. The Monochrome Ethereum ETF (IETH) will trade on Oct. 15, offering in-kind creations and redemptions, enhancing tax efficiency. It features a dual-access bare trust structure to avoid capital gains tax, allowing transfers from various wallets. The ETF will track the CME CF Ether-Dollar Reference Rate with a management fee of 0.5%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Monochrome Asset Management, in partnership with Vasco Trustees Limited, has applied to list an Ethereum ETF on Cboe Australia, aiming for a decision by the end of the month. The ETF, designed to hold Ethereum, seeks to offer a regulated investment option for retail investors. If approved, it will be listed under the IETH ticker and follow Monochrome's Bitcoin ETF, Australia's first ETF holding Bitcoin directly. The Ethereum ETF aims to expand regulated crypto asset investment options for Australian investors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
They still need further approval to allow trading or something. But the hard part of the approval is done some have said. That being said, the BTC ETFs had their tickers named before the approval I think. I'm sure we could think of some fun possibles. I think FETH will probably be Fidelity's. Blackrock will probably be IETH
EverEth has done very well, but the potential for serious gains in InfinityEth is much higher. I’ll stick with $IETH.
$IETH- Absolute dog shit $FSHIB - Another shit coin