Another Ethereum ETF application has been submitted!!!

According to official news, Australian asset management company Monochrome announced that it has jointly submitted an application with its entity partner Vasco Trustees Limited to list the Monochrome Ethereum ETF (code: IETH) on the Cboe Australia trading platform.

Although the performance of the ETH ETF has not met expectations in the short term, in the long run, the introduction of this financial instrument is seen as an important step for the cryptocurrency market to move towards the mainstream financial market.

Analysts believe that although the launch of the ETH ETF has started slowly, its existence itself has changed investors' perception of and investment methods for cryptocurrencies, and greater capital inflows are expected in the future.