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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Monochrome Launches Unique Ethereum ETF with Tax Benefits in Australia

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ETH ETF Surge Push ETH Price Above $3,500

The post Monochrome Launches Unique Ethereum ETF with Tax Benefits in Australia appeared first on Coinpedia Fintech News

Australia’s Monochrome Asset Management has launched a new Ethereum ETF (IETH) on the Cboe exchange, featuring a tax-efficient structure not seen in US ETFs. Unlike traditional ETFs, Monochrome’s offering allows in-kind Ether subscriptions and redemptions, letting investors avoid immediate capital gains taxes by maintaining legal ownership through a dual-access trust. This unique feature is expected to attract long-term crypto holders seeking tax efficiency. The ETF is accessible through Australian brokerage platforms and supports transfers from various wallets. Additionally, it follows the CME CF Ether-Dollar Reference Rate and has a competitive fee structure. By collaborating with firms like BitGo and Gemini for crypto custody, Monochrome aims to stand out as global interest in Ether ETFs grows.

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