Key Takeaways
- Monochrome companions with Vasco Trustees to launch an Ethereum ETF.
- The ETF is about for Cboe Australia itemizing by September 2024.
Share this text
Monochrome Asset Administration, in partnership with Vasco Trustees Restricted, has formally utilized to checklist the Monochrome Ethereum exchange-traded fund (ETF) on Cboe Australia, the corporate shared in a Thursday press launch. Monochrome expects a call earlier than the tip of this month.
Designed to passively maintain Ethereum (ETH), Monochrome’s proposed product goals to offer retail buyers with a regulated technique to take a position on the planet’s second-largest crypto asset by market capitalization. If authorised, the ETF can be listed below the IETH ticker, stated the agency.
The introduction of IETH is about to develop the number of regulated funding choices in crypto property for Australian buyers. It can observe the sooner rollout of the corporate’s flagship product, the Monochrome Bitcoin ETF (IBTC), additionally acknowledged as Australia’s first ETF that holds Bitcoin straight.
As of September 4, IBTC’s Bitcoin holdings had been valued at round $11.3 million, in response to an replace on its web site.
The IETH fund may also function twin entry, permitting each money and in-kind transactions for buyers. Pending approval, Monochrome anticipates that IETH can be accessible by way of main brokerage platforms.
It is a growing story. We’ll replace as we study extra.
Share this text