The Monochrome Ethereum ETF (IETH) will debut in Australia, following the successful launch of a spot bitcoin ETF in August, which has garnered significant attention from investors.
Investors can enjoy flexible operations with IETH as it will allow both cash and in-kind applications and redemptions, simplifying transaction processes for ether.
The launch of the IETH ETF highlights the growing trend of countries approving spot crypto ETFs, reflecting a broader acceptance of cryptocurrency in traditional financial markets.
As of October 10, the total assets held by crypto ETFs in Hong Kong and the U.S. indicate a marked difference in market size, with U.S. ETFs significantly larger.
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