🚀 Big news from Down Under! Australia is set to launch its first spot Ether (ETH) ETF, following the successful debut of a spot Bitcoin ETF in August. The Monochrome Ethereum ETF (IETH) will go live on Tuesday at 10:00 local time. This move allows investors to buy into and cash out of the fund with Ether, offering both cash and in-kind redemptions.

- **What’s Happening?** Monochrome, an Australian crypto investment firm, is behind this new ETF.

- **Why It Matters:** This follows a global trend, with similar ETFs already launched in Hong Kong and the U.S.

- **Market Context:** As of October 10, U.S.-listed crypto ETFs hold significantly more assets compared to their international counterparts.

What are your thoughts on this new development? Drop your comments below! 💬