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.
Louisiana has become the latest U.S. state to accept cryptocurrency payments for state services.
According to Spot On Chain analysts, the Ethereum Foundation is consistently selling off large quantities of Ethereum.
Franklin Templeton, the asset management giant with $1.5 trillion in assets, is set to launch a mutual fund on the Solana blockchain.
In 2024, Cardano (ADA) has seen impressive growth in its smart contract sector, particularly with Plutus V2.