Monochrome Asset Management is preparing to launch Australia’s first spot Ethereum exchange-traded fund (ETF) on the Cboe exchange following the asset’s approval in the U.S. market. The Monochrome Ethereum ETF (IETH), which will begin trading on Monday, October 14, offers Australian investors a new way to access the cryptocurrency. The asset manager has secured top industry players for the IETH launch. BitGo and Gemini will provide crypto custody services, and State Street Australia will act as the fund administrator. The launch of the spot Ethereum ETF follows the firm’s introduction of a spot Bitcoin ETF in June.
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