Monochrome Ethereum ETF lodged under ticker ‘IETH’

Monochrome Asset Management have announced that the firm, alongside its Responsible Entity partner Vasco Trustees Limited, has lodged an application to quote the Monochrome Ethereum ETF (Ticker: IETH) on Cboe Australia.

IETH will passively hold Ethereum, offering retail investors a unique, regulated opportunity to gain exposure to the second-largest crypto-asset by market capitalisation.

The launch of the Monochrome Ethereum ETF (Ticker: IETH) will broaden the range of regulated crypto-asset investment options available to Australian investors and follows the launch of the recently quoted Monochrome Bitcoin ETF (Ticker: IBTC) in June this year. IETH will also be a dual-access fund which will allow cash and in-kind applications and redemptions for investors.

Subject to quoting approval, Monochrome expects IETH to be quoted on Cboe Australia towards the end of September 2024 and will be available on major brokerage platforms.