tldr; Monochrome Asset Management has launched Australia’s first exchange-traded fund (ETF) directly holding Ether, called the Monochrome Ethereum ETF (IETH). It went live on the Cboe Australia exchange with assets under management reaching $176,600. The ETF has a management fee of 0.50% and allows transactions in cash or Ether. BitGo and Gemini are the custodians, and State Street Australia is the fund administrator. This follows the launch of Monochrome’s Bitcoin ETF, which has amassed significant assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Herosinahalfshell12 on
Australia isn’t really a big market.
And they have fairly unstable regulations that’s reactive and likely to be sold to lobby interests at any time.
3 Comments
tldr; Monochrome Asset Management has launched Australia’s first exchange-traded fund (ETF) directly holding Ether, called the Monochrome Ethereum ETF (IETH). It went live on the Cboe Australia exchange with assets under management reaching $176,600. The ETF has a management fee of 0.50% and allows transactions in cash or Ether. BitGo and Gemini are the custodians, and State Street Australia is the fund administrator. This follows the launch of Monochrome’s Bitcoin ETF, which has amassed significant assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Australia isn’t really a big market.
And they have fairly unstable regulations that’s reactive and likely to be sold to lobby interests at any time.
Not such a big win
Now all the kangaroos are starting to use ETH.