On September 5, Monochrome Asset Management applied to list the Ethereum exchange traded fund (ETF) on Cboe Australia using the ticker IETH.
This ETF aims to provide retail investors with a regulated way to gain exposure to ETH. The company expects a decision on the application by the end of the month.
If approved, the IETH ETF will expand the range of regulated crypto investment options for Australian investors.
The move follows the earlier launch of a Bitcoin ETF by Monochrome (IBTC), which became the first Australian ETF to hold Bitcoin directly.
IBTC’s Bitcoin holdings are reportedly valued at $11.4 million.
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.
A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]