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SYDNEY, October 15, 2024 – Monochrome Asset Management is pleased to announce the launch of the Monochrome Ethereum ETF (IETH), Australia’s first exchange-traded fund (ETF) that provides direct access to Ethereum. IETH will begin trading on Cboe Australia, under the ticker ‘IETH’ (CBOE).
IETH is available on most Australian brokerage platforms. Investors should review the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before considering investment. The IETH launch follows the successful launch of the firm's Monochrome Bitcoin ETF, and enables Australian investors to gain exposure to Ethereum through a direct-holding ETF structure.
Key Features of the Monochrome Ethereum ETF (IETH)
Portfolio Transfer
Investors can now transfer Bitcoin or Ethereum into IBTC or IETH from cryptocurrency platforms, decentralised wallets, and cold wallets. Monochrome's IBTC and IETH are Australia's first dual-access crypto ETFs, providing seamless access to both assets.
- Supports all digital currency exchanges
- Zero transfer fees*
- No CGT implications**
*In specie investors are subject to Gas fees charged by the Ethereum Network
**Assuming no change of beneficial ownership. Investors should seek their own tax advice before making any investment decisions.
For further information on the Monochrome Ethereum ETF (IETH), please visit https://ieth.au.
Monochrome Asset Management
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