3 Comments

  1. middlemangv on

    We could only dream about some of these things a few years ago…adoption is nice.

  2. coinfeeds-bot on

    tldr; Australia’s Monochrome is set to launch the country’s first spot Ethereum ETF on Cboe, holding physical ETH. This follows their Bitcoin ETF and marks Australia’s entry into direct crypto ETFs, similar to the U.S. The Monochrome Ethereum ETF (IETH) will trade on Oct. 15, offering in-kind creations and redemptions, enhancing tax efficiency. It features a dual-access bare trust structure to avoid capital gains tax, allowing transfers from various wallets. The ETF will track the CME CF Ether-Dollar Reference Rate with a management fee of 0.5%.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  3. MinimalGravitas on

    This isn’t the adoption we should be interested in. The ETFs bring crypto into the traditional financial system, but what I’m much more excited about is the reverse, bringing the traditional financial world on-chain.

    There’s are $12 Billion worth of tradfi assets (treasuries, bonds, private credit, commodities, institutional funds and stocks) on Ethereum already, this is the direction of integration we should be cheering on, rather than just things like ETFs that simply allow traditional institutions to buy assets without actually using the network.

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