Monochrome Asset Management is set to launch Australia’s first spot Ethereum ETF on Cboe following approval of the asset in the US market.

- The Monochrome Ethereum ETF (IETH) will begin trading on Monday, October 14, offering Australian investors a new way to access the cryptocurrency.

- IETH will be available on most Australian brokerage platforms and will support transfers from crypto platforms as well as cold storage and decentralized wallets. The management fee is competitive at 0.5%, and drops to 0.21% for accredited advisors.

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

- The fund will be the first in the world to offer physical registration and redemption of Ethereum, providing tax benefits to investors.

🚀 This is a major step forward in expanding access to crypto in Australia.