Ethereum

Future

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Monochrome Asset Management is launching Australia’s first spot Ethereum ETF on Cboe Australia.</li>
 <li>The IETH ETF offers tax efficiency and competitive fee rates through a unique bare trust structure.</li>
</ul>
<p>Monochrome Asset Management is set to introduce Australia’s first spot <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> exchange-traded fund (ETF) on Cboe Australia.</p>
<p>This marks a significant development in the country’s cryptocurrency investment sector.</p>
<h2 id="monochrome-s-ethereum-etf">Monochrome’s Ethereum ETF</h2>
<p>The firm’s new Ether ETF, known as IETH, is designed to give Australian investors direct access to Ethereum.</p>
<p>The application for this ETF was filed on 5th September, with approval expected by the end of the month.</p>
<p>Trading of IETH is scheduled to begin on 14th October, following a swift approval process.</p>
<p>This Australian fund differentiates itself globally by offering in-kind Ethereum subscriptions and redemptions, a feature not prevalent in U.S. funds.</p>
<p>Jeff Yew, CEO of Monochrome Asset Management, in an interview, highlighted the unique tax efficiency feature of the IETH.</p>
<h2 id="unique-tax-efficiency">Unique Tax Efficiency</h2>
<p>He explained that the fund’s dual-access bare trust structure is designed to avoid capital gains tax events, providing a strategic advantage for long-term Ethereum holders.</p>
<p>This structure allows investors to transfer their Ethereum into the ETF without a change in legal and beneficial ownership, potentially enhancing the tax benefits of in-kind subscriptions and redemptions.</p>
<p>However, recent data from U.S. ETFs shows contrasting trends: Bitcoin ETFs saw significant inflows, while Ethereum ETFs recorded minor outflows.</p>
<p>Despite these contrasting trends, industry giants such as BlackRock and Fidelity maintain optimism for Ethereum’s potential.</p>
<h2 id="future-plans-and-challenges">Future Plans and Challenges</h2>
<p>Monochrome plans to tap into the growing local interest in crypto investments, aiming to expand its presence as investor enthusiasm continues to build.</p>
<p>The Monochrome Ethereum ETF (IETH) aims to offer Australian investors broad accessibility through major brokerage platforms, supporting crypto exchange and wallet transfers.</p>
<p>With fees set at 0.5%, reduced to 0.21% for accredited advisers, it aligns closely with U.S. market rates.</p>
<p>Therefore, IETH is well-prepared to capture any resurgence in market demand.</p>

Debut of Australia’s First Spot ETH ETF: Essential Details Unveiled

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CoinEagle.com

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