According to Cointelegraph, Australia's first Ethereum spot ETF Monochrome Ethereum ETF (IETH) has been listed on Cboe Australia. As of 2 pm local time, the total net assets reached US$176,600 (A$262,500).
The fund has a management fee of 0.50% and offers physical applications and redemptions, allowing cash or ETH transactions, and is also Australia's only dual-channel spot Ethereum ETF.
BitGo and Gemini are the cryptocurrency custodians for the ETF, while State Street Australia is the fund administrator.
