Ethereum

Monochrome Asset Management will be releasing Australia’s first spot Ethereum exchange-traded funds at the Cboe. This fund, known as IETH, is expected to start trading this Tuesday at 10 am AEDT. The launch comes after Monochrome’s Bitcoin ETF (IBTC), which started trading in August 2023 and has attracted $15 million. Monochrome plans to differentiate its product by targeting investors interested in capital gains.The <a href="https://cryptotale.org/ethereum-nears-key-level-can-it-reclaim-2433-for-a-rally/" rel="noopener noreferrer nofollow">Ethereum</a> ETF offers in-kind Ethereum subscriptions and redemptions, which the company hopes will attract long-term crypto investors. Monochrome CEO Jeff Yew explained that this feature allows for greater tax efficiency. The ETF’s dual-access bare trust structure prevents a capital gains tax event when investors transfer Ethereum into the fund. As long as ownership does not change, no tax event occurs.In this structure, investors have direct entitlement to Ethereum in the ETF. Yew said that any activities performed by the trustee would be regarded as activities of the investor. This setup helps Monochrome place its ETF in a different category from the US-based funds for which such in-kind transfers are unavailable. Also, Monochrome plans to take advantage of the different time zone of the Australian market from the U.S market.<a href="https://cryptotale.org/monochrome-to-launch-first-ethereum-etf-on-cboe-australia/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Monochrome to Launch First Ethereum ETF on Cboe Australia

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