Monochrome to launch Australia’s first Ethereum spot ETF on Cboe

Odaily News Monochrome Asset Management is preparing to launch Australia's first Ethereum spot ETF on Cboe. The Monochrome Ethereum ETF (IETH) will begin trading on Monday. It launched the Bitcoin ETF (IBTC) in August 2023 with a scale of US$10.1 million. According to reports, the fund positions itself as the world's first fund to provide physical Ethereum subscriptions and redemptions. The company's CEO Jeff Yew said in an interview that this feature can improve tax efficiency. (Decrypt)