Key Highlights:

• Monochrome’s Ether ETF could follow the success of its Bitcoin ETF, which has already attracted $7.6 million in investments.
• The ETF’s in-kind subscription model, offering fiat and digital investment options, is expected to drive investor interest.

Yello Paradisers! Will you miss the boat as Monochrome’s groundbreaking Ether ETF filing sets off a chain reaction, threatening to upend the entire crypto market and leave slow-moving investors in the dust?

Monochrome Asset Management is making waves in the crypto world by filing for Australia’s first-ever spot Ether exchange-traded fund (ETF), a move that could redefine how Aussies invest in digital assets. CEO Jeff Yew is confident of a “positive outcome,” aiming to have the Monochrome Ether ETF (IETH) listed on Cboe Australia by the end of September. If successful, this ETF will allow investors to hold Ether directly, a first for the Australian market.

Could This Ether ETF Be the Next Big Thing?

Yew’s optimism stems from the early success of Monochrome’s Bitcoin ETF, which has attracted significant inflows, particularly from investors moving their assets away from crypto exchanges into a more regulated and structured product. With over $7.6 million (AUD $11.4 million) invested in its Bitcoin ETF as of Sept. 5, Monochrome is now setting its sights on Ether, hoping to replicate, or even surpass, that success.

Australia’s relatively crypto-friendly regulations give Monochrome a unique edge. Yew believes that the ETF model, which offers an in-kind subscription mechanism allowing investment via fiat or digital assets, will draw strong interest from both retail and institutional investors.

Is Australia Leading a Global Crypto ETF Revolution?

While Monochrome’s Bitcoin ETF has shown solid growth, it still trails behind larger U.S.-based Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust, which boasts over $20 billion in inflows. However, Yew believes Australia’s trajectory with ETFs is different, with a much bigger “pie to carve out” in a market that’s only just starting to unlock its potential.

As more crypto previously held on exchanges funnels into regulated ETFs, Australia could become a global leader in crypto investments. Could this be your chance to get in early on what might be the next crypto boom!