{"id":39504,"date":"2024-10-14T11:57:51","date_gmt":"2024-10-14T11:57:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/monochrome-set-to-launch-australias-first-spot-ether-etf\/"},"modified":"2024-10-14T11:57:51","modified_gmt":"2024-10-14T11:57:51","slug":"monochrome-set-to-launch-australias-first-spot-ether-etf","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/monochrome-set-to-launch-australias-first-spot-ether-etf\/","title":{"rendered":"Monochrome Set to Launch Australia&#8217;s First Spot Ether ETF"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Australia\u2019s first-ever spot Ether (ETH) exchange-traded fund (ETF) will launch on Tuesday, according to Monochrome. The fund, which goes by the name Monochrome Ethereum ETF (IETH), will go live at 10:00 local time. This news follows Monochrome\u2019s August successful introduction of a spot Bitcoin ETF, which showed the company\u2019s expanding presence in the cryptocurrency investing market.<\/p>\n<h2>Building on Success, Ether ETF Follows Bitcoin Fund<\/h2>\n<p>Following the <a href=\"https:\/\/igaming.org\/crypto\/australia-to-welcome-bitcoin-etfs-by-2024\/\">August release of its Bitcoin ETF<\/a>, which currently holds 165 Bitcoin (BTC) valued at over $10 million, Monochrome is now moving forward with its Ether ETF. Similar to spot crypto ETFs in Hong Kong, IETH allows both cash and in-kind transactions. This means investors can buy or redeem fund shares using Ether directly.<\/p>\n<p>As of October 10, Hong Kong\u2019s spot Bitcoin and Ether ETFs had net assets of $262.97 million and $35.07 million, respectively. In comparison, U.S.-listed crypto ETFs hold far larger amounts, with Bitcoin valued at $58.66 billion and Ether at $6.74 billion, according to SoSoValue.<\/p>\n<h3>Global Expansion of Spot Crypto ETFs<\/h3>\n<p>Several countries have followed the U.S.\u2019s lead in approving spot crypto ETFs, though their scales are smaller compared to the American funds. South Korea is also considering introducing crypto ETFs, according to a recent report by news1, further highlighting the global trend of expanding cryptocurrency investment products.<\/p>\n<p>Monochrome\u2019s launch of the Ether ETF marks another milestone in the growing adoption of crypto-based financial products in Australia, offering investors new opportunities to diversify their portfolios.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/monochrome-set-to-launch-australias-first-spot-ether-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Australia\u2019s first-ever spot Ether (ETH) exchange-traded fund (ETF) will launch on Tuesday, according to Monochrome. The fund, which goes by the name Monochrome Ethereum ETF (IETH), will go live at 10:00 local time. This news follows Monochrome\u2019s August successful introduction of a spot Bitcoin ETF, which [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":39505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39504"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=39504"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/39505"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=39504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=39504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=39504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}