CoinVoice has recently learned that according to Decrypt, Monochrome Asset Management is preparing to launch Australia's first Ethereum spot ETF on Cboe.
The Monochrome Ethereum ETF (IETH) will begin trading on Monday, following the launch of its Bitcoin ETF (IBTC) in August 2023 with a size of $10.1 million.
According to reports, the fund positions itself as the world's first fund to provide physical Ethereum subscriptions and redemptions. In an interview, the company's CEO Jeff Yew said that this feature can improve tax efficiency, and the dual-access bare trust structure is designed to prevent capital gains tax events, allowing long-term crypto industry participants to transfer Ethereum to the corresponding Monochrome ETF without triggering changes in legal and beneficial ownership, and giving investors absolute rights to their allocated Ethereum. [Original link]
