Monochrome Launches ‘World’s First’ Ethereum ETF With In-Kind Redemption

Quick Summary:

Despite the poor demand for the spot Ethereum ETF in the first three months following the US launch, Australia’s Monochrome Asset Management is preparing for a similar launch in the home country.

Interestingly, the Monochrome Ethereum ETF comes with a twist that could revive the demand for the investment product.

The launch comes within four months of the asset manager introducing its spot Bitcoin ETF to Australian investors in June this year.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaAustralia

Topics: 24/7 Cryptocurrency News Ethereum ETF Australia crypto Monochrome

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 04:41:42 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23030095

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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