Monochrome Asset Management has launched Australia's first exchange-traded fund (ETF) that directly holds Ether, with assets under management reaching $176,600. The Monochrome Ethereum ETF (IETH) went live on the Sydney-based equities exchange Cboe Australia on October 15, with total net assets reaching $176,600 by 2:00 pm local time.
The fund has a management fee of 0.50% and offers in-kind applications and redemptions, allowing transactions in either cash or Ether, and is the only dual-access spot Ether ETF in Australia. This launch follows the success of the firm's Monochrome Bitcoin ETF (IBTC), which has amassed almost $10.7 million since its launch in June. Show Less
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