Monochrome Asset Management launches the first spot Ethereum ETF (IETH) in Australia on Cboe with a 0.50% fee and the ability to transfer assets without capital gains tax 🎯

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Monochrome Asset Management is preparing to launch the first spot Ethereum ETF in Australia on the Cboe exchange. Trading will begin on Tuesday at 10:00 a.m. Australian time.

The IETH fund will appear two months after the launch of the Bitcoin ETF from Monochrome, which has attracted $15 million since August 2023. IETH differs by using a “pass-through trust,” allowing Ethereum holders to transfer their assets into the fund without paying capital gains tax.

The fund will track the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant, with a management fee of 0.50%, which can be reduced to 0.21% for accredited advisors.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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