Monochrome confident as it files for Australia's first ETF to hold Ether directly

Monochrome’s CEO says the firm’s Bitcoin ETF has seen growth off the back of its in-kind subscription mechanism and hopes an Ether ETF could see similar inflows. 

Australian asset manager Monochrome Asset Management is confident of a “positive outcome” after filing for a spot Ether exchange-traded fund, the first in the country that holds the asset directly.

In a Sept. 5 announcement, the firm said it lodged an application to quote the Monochrome Ether exchange-traded fund (IETH) on Cboe Australia, with hopes to have it listed by the end of the month.

Source: Monochrome

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Monochrome’s CEO says the firm’s Bitcoin ETF has seen growth off the back of its in-kind subscription mechanism and hopes an Ether ETF could see similar inflows. 
Australian asset manager Monochrome Asset Management is confident of a “positive outcome” after filing for a spot Ether exchange-traded fund, the first in the country that holds the asset directly.In a Sept. 5 announcement, the firm said it lodged an application to quote the Monochrome Ether exchange-traded fund (IETH) on Cboe Australia, with hopes to have it listed by the end of the month.Source: MonochromeRead more