Ethereum

Bitcoin ETF

Bitcoin

<ul>
 <li>Monochrome’s Ethereum ETF (IETH) is set to be listed on Cboe Australia.</li>
 <li>The launch of IETH follows Monochrome’s Bitcoin ETF (IBTC).</li>
</ul>
In an official press release, Monochrome, an Australian asset management firm teamed up with entity partner Vasco Trustees Limited, an investment management group, has officially <a href="https://www.monochrome.au/news/articles/monochrome-ethereum-etf-lodged-under-ticker-ieth" target="_blank" rel="noopener noreferrer nofollow">applied</a> to quote the Monochrome Ethereum exchange-traded fund (ETF) on Cboe Australia. The new fund is structured to offer exposure to Ethereum, further enhancing Monochrome’s presence in the Australian digital asset investment market.
Monochrome’s Ethereum ETF, with the ticker IETH, expands the crypto-asset investment options available to Australian investors. IETH is expected to be listed on Cboe <a href="https://thenewscrypto.com/australians-lose-122m-to-crypto-scams-as-fraud-surges-in-2024/" target="_blank" rel="noopener noreferrer nofollow">Australia</a> by late September 2024. Once approved, the ETF will be accessible through major brokerage platforms.
Unlike unregulated crypto investment methods, the IETH fund will be a fully regulated product. Monochrome states that the fund is designed to passively hold <a href="https://thenewscrypto.com/ethereum-futures-trading-volume-on-cme-hits-multi-month-low/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> and will provide dual access, allowing both cash and in-kind transactions.&nbsp;
<h3 class="wp-block-heading" id="h-monochrome-bitcoin-etf-ibtc">Monochrome Bitcoin ETF: IBTC</h3>
This official application of Ethereum ETF is followed by the <a href="https://www.monochrome.au/news/articles/monochrome-introduces-ibtc-adviser-program-fee-rebate-to-in-specie-subscriptions-to-ibtc-monochrome-bitcoin-etf" target="_blank" rel="noopener noreferrer nofollow">launch</a> of Monochrome Bitcoin ETF in June this year. The Australian asset manager applied with Cboe Australia, a global listing exchange. Moreover, this is a flagship product of the firm.&nbsp;
IBTC is the first Australian Bitcoin ETF to be licensed under a retail crypto-asset Australian Financial Services License (AFSL). Looking at the close price chart, from 4th August to 4th September, the price maintains a particular range. On 26th August, the price reached IBTC:9.41 and then reduced to 8.39.&nbsp;
According to the Monthly redemptions and units on issue <a href="https://www.cboe.com/au/equities/products/funds/fund/IBTC/" target="_blank" rel="noopener noreferrer nofollow">notification</a>, as of 31st August, besides the $1M unlisted units, the total units of Net fund assets are worth $11,008,032.&nbsp;&nbsp;
Highlighted Crypro News Today: <a href="https://thenewscrypto.com/will-bitcoin-price-fluctuations-settle-soon/" target="_blank" rel="noopener noreferrer nofollow">Will Bitcoin Price Fluctuations Settle Soon?</a>

Monochrome Eyes Ethereum ETF (IETH) Listing on Cboe Australia

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