Monochrome Asset Management has launched Australia’s first Ethereum ETF, named the Monochrome Ethereum ETF (IETH), on October 15, 2024. The ETF debuted with assets under management of $176,600 and offers a management fee of 0.50%, allowing transactions in both cash and Ethereum. This follows their successful Bitcoin ETF, which has accumulated $10.7 million in AUM. Monochrome's CEO sees strong demand for secure crypto investment structures like ETFs amid increasing interest in crypto assets globally. Source: Cryptoglobe
