Australia's Monochrome is set to launch the country's first spot Ethereum ETF (IETH) on Cboe Australia. This comes after the success of Monochrome's Bitcoin ETF (IBTC).
Monochrome's Ethereum ETF offers in-kind redemption and better tax efficiency, aiming to boost demand in the market.
The fund allows investors to enjoy cash or in-kind applications and redemptions without changing beneficial ownership, providing full entitlement to allocated Ether.
Monochrome's Ethereum ETF competes directly with US crypto and ETF funds, offering a 0.5% management fee.