Asset Manager Monochrome Applies to List Ethereum ETF on Cboe Australia
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Monochrome Asset Management has submitted an application to list its new Ethereum exchange-traded fund (ETF) on Cboe Australia.
In a Thursday press release, the company said it anticipates a decision before the end of the month.
Monochrome’s proposed Ethereum ETF, which would trade under the ticker IETH, is designed to give retail investors a regulated avenue to gain exposure to Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization.
If approved, the IETH fund will become a key addition to Australia’s expanding range of regulated crypto investment products.
It will follow Monochrome’s earlier launch of the Monochrome Bitcoin ETF (IBTC), the first in Australia to hold Bitcoin directly.
The IBTC fund has garnered significant attention, with Bitcoin holdings valued at approximately $11.3 million as of September 4, according to an update on Monochrome’s website.
Monochrome has lodged an application to quote the Monochrome Ethereum ETF under the ticker $IETH on Cboe Australia, offering retail investors regulated access to Ethereum.
Quotation expected by the end of this September.
Read more
