Monochrome to launch first Ethereum ETF on Cboe Australia

Australian digital asset management firm Monochrome is set to launch Australia’s first spot Ethereum ETF (IETH) with trading beginning on Monday on Cboe Australia, according to Decrypt. Previously, Monochrome launched its spot Bitcoin ETF (IBTC) in August 2023, which has since garnered $10.1 million. Custody services will be provided by crypto financial services firm BitGo and crypto exchange operator Gemini, while State Street Australia will serve as the fund administrator.