Monochrome Submits Application For Ethereum ETF Listing On Cboe Australia

According to Odaily, Monochrome Asset Management has announced that it has submitted an application for the listing of its Monochrome Ethereum ETF (IETH) on the Cboe Australia Exchange. This submission was made in collaboration with its responsible entity partner, Vasco Trustees Limited. The IETH ETF aims to provide retail investors with a regulated opportunity to invest in Ethereum, the second-largest cryptocurrency by market capitalization. The ETF will passively hold Ethereum and will feature a dual access mechanism, allowing investors to make cash and in-kind subscriptions and redemptions. Upon receiving listing approval, Monochrome expects IETH to be available for trading on major brokerage platforms by the end of September 2024.