According to Odaily Planet Daily, Monochrome Asset Management announced that it has submitted a listing application for the Monochrome Ethereum ETF (code: IETH) to the Cboe Australia Exchange together with its responsible entity partner Vasco Trustees Limited.
IETH will passively hold Ethereum, providing retail investors with a regulated opportunity to invest in the second-largest crypto asset by market cap.
IETH will adopt a dual access mechanism, allowing investors to subscribe and redeem in cash and in kind. Subject to listing approval, Monochrome expects IETH to be listed on the Cboe Australia Exchange by the end of September 2024 and will be available for trading on major brokerage platforms.