🚨 Australia is set to launch its first spot Ether ETF (IETH) on Tuesday, following the successful debut of a Bitcoin ETF in August. 🇦🇺🚀

This marks another significant milestone for cryptocurrency adoption in the country, providing investors with a regulated and accessible way to gain exposure to Ethereum.

The new ETF, offered by Monochrome Asset Management, will trade on the Cboe Australia exchange. It follows the launch of Monochrome's Bitcoin ETF (IBTC) in August, which has already accumulated over $15 million AUD in assets under management.

This move reflects a growing global trend of approving crypto-related ETFs, offering investors a more traditional investment vehicle to participate in the digital asset market. It also highlights Australia's proactive approach to regulating and integrating cryptocurrencies into its financial system.

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