The post tomorrow on the market the first spot ETF on Ethereum appeared on BitcoinEthereumNews.com.

Tomorrow, Tuesday, October 15, 2024, at 10 AM local time, the first spot ETF on Ethereum in Australia will debut on the stock exchange.  It will be the Monochrome Ethereum ETF, which will have the ticker IETH. The first spot ETF on Ethereum in Australia Until today on the Australian stock exchanges there was already a spot ETF on Bitcoin, always by Monochrome, but not yet one on Ethereum. IBTC (Monochrome Bitcoin ETF) has been traded on the Australian CBOE exchange since June, and so far it has reached an AUM of over 15 million dollars. Tomorrow, the new spot ETF on Ethereum, IETH, will also arrive on CBOE Australia. IETH is an ETF with a license and direct holding in Australia, and that is why it is the first of its kind on Ethereum. Furthermore, for now, it is the only ETF on Ethereum in Australia that directly holds ETH, eliminating intermediary layers to provide pure exposure to this asset. In fact, it offers direct exposure to ETH within a regulated framework, and investors can also directly transfer Ethereum, or cash, to and from IETH, which provides them with flexibility and efficiency in managing their investment. IETH operates according to the strict Australian financial regulations. Monochrome Monochrome Asset Management is the CAR (Corporate Authorised Representative) number 1286428 of Vasco Trustees.  He is the investment manager for Monochrome Bitcoin ETF (IBTC) and Monochrome Ethereum ETF (IETH), while Vasco Trustees is the responsible entity and the issuer of interests in IBTC and IETH.  It is a company specialized in investment management, and it offers regulated access to the crypto market. It is based in Sydney, Australia, and is effectively the leader in the country for the issuance and local management of bull and bear crypto spot ETFs.  The crypto market in…

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Filed under: News - @ October 14, 2024 12:26 pm