Monochrome Launches First Australian Spot Ethereum ETF on Cboe
Top Stories Tamfitronics Monochrome Asset Management has launched Australia’s first spot Ethereum ETF (IETH), on Cboe. Trading started Tuesday at 10 AM AEDT.This follows the launch of Monochrome’s Bitcoin ETF (IBTC) in August 2023, which raised AU$15 million.The ETF will be available on Australian brokerage platforms and support transfers from crypto platforms, decentralised wallets, and cold wallets, with BitGo and Gemini providing custody services.Monochrome Asset Management, led by CEO Jeff Yew, has launched Australia’s first spot Ethereum exchange-traded fund (ETF) on the Chicago Board Options Exchange (CBOE —again, the Australian version), marking a significant milestone for the country’s cryptocurrency market.The company held a private event in Sydney last week to mark the upcoming launch of the IETH fund.Related: Monochrome Asset Management to Launch...