TechFlow news, according to CoinTelegraph, Australia's first spot Ethereum ETF, Monochrome Ethereum ETF (IETH), has listed on Cboe Australia, reaching total net assets of $176,600 USD ($262,500 AUD) as of 2:00 PM local time.
The fund carries a management fee of 0.50% and offers in-kind creation and redemption, allowing trading in both cash and ETH, making it Australia’s only dual-channel spot Ethereum ETF.
BitGo and Gemini serve as the cryptocurrency custodians for the ETF, while State Street Australia is the fund manager.
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