Monochrome submits Ethereum ETF listing application to the Australian Stock Exchange

ChainCatcher news, Monochrome Asset Management has announced that it has submitted a listing application for the Monochrome Ethereum ETF (code: IETH) to the Cboe Australia Exchange in collaboration with its responsible entity partner, Vasco Trustees Limited. IETH will passively hold Ethereum, providing retail investors with a regulated opportunity to invest in the second-largest cryptocurrency by market capitalization. IETH will adopt a dual entry mechanism, allowing investors to conduct cash and physical subscriptions and redemptions.

Pending listing approval, Monochrome expects IETH to be listed on the Cboe Australia Exchange by the end of September 2024 and will be available for trading on major brokerage platforms.