🚀 **Breaking News: Australia’s First Ether ETF Launched!**

- Monochrome Asset Management has unveiled Australia's first Ether ETF, dubbed IETH, on the Cboe Australia exchange.

- By 2:00 pm local time, IETH hit $176,600 in assets under management. Not bad for a debut!

- With a 0.50% management fee, investors can trade in cash or Ether. Talk about flexibility!

- BitGo and Gemini are handling custody, while State Street Australia is the fund administrator.

- This follows Monochrome’s Bitcoin ETF success, which has amassed nearly $10.7 million.

- CEO Jeff Yew is bullish on crypto ETFs, predicting a bright future in Australia. 🌞

Stay tuned for more crypto excitement!