Monochrome Asset Management is set to launch Australia’s first spot Ethereum exchange-traded fund (ETF) on the Cboe exchange.

- The Monochrome Ethereum ETF (IETH) will begin trading on Monday, October 14, providing Australian investors with access to the cryptocurrency.

- IETH will be available on most Australian brokerage platforms and will support transfers from crypto platforms, decentralized and cold wallets.

- The ETF will track the CME CF Ether-to-Dollar Reference Rate and offer a competitive price with a 0.5% management fee.

- BitGo and Gemini will provide crypto custody services, while State Street Australia will act as fund administrator.

- The new fund will provide tax benefits by offering a unique structure for Ethereum subscriptions and redemptions.

🚀 This innovative move presents a huge opportunity for crypto investors in Australia! 🌐