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Australia's first Ethereum spot ETF has been listed on Cboe, with BitGo and Gemini as its crypto custodians
2024-10-15 04:10
Odaily News Australia's first Ethereum spot ETF, Monochrome Ethereum ETF (IETH), has been listed on Cboe Australia, with total net assets reaching $176,600 (AUD262,500) as of 2 p.m. local time. The fund has a management fee of 0.50% and offers physical applications and redemptions, allowing cash or ETH transactions. It is the only dual-access spot Ethereum ETF in Australia. BitGo and Gemini are the cryptocurrency custodians of the ETF, while State Street Australia is the fund manager. (Cointelegraph)