Monochrome Asset Management is preparing to launch Australia's first Ethereum Spot ETF on Cboe. The Monochrome Ethereum ETF (IETH), which will begin trading on Monday, launched the Bitcoin ETF (IBTC) in August 2023 at $10.10 million.
Australia's first Bitcoin ETF (IBTC) has amassed 46 BTC since its launch, and cryptocurrency analyst Julian Fahrer pointed out that the ETF's opening performance reflects investors' growing interest and confidence in bitcoin investments.