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Aussies Finally Get to Live Their Wildest Crypto Dreams: Ether ETF Launch Sparks Unbridled Panic and Regret

A frazzled Aussie investor frantically tries to sell their Ether on an exchange while another person in the background is buying up all available ETH at a frantic pace; amidst chaos and panic.

Sydney’s Crypto Party: Australia Launches First Ether ETF (Yawn)… Just Kidding! Monochrome Asset Management has finally done what we’ve all been waiting for – launched the first Ethereum-based exchange-traded fund in Sydney, aptly named ‘IETH’ or as I like to call it, ‘The Ultimate Get-Rich-Quick Scheme’. With a whopping $176,600 under management (or about 262.5 Australian dollars… who’s counting?) and a hefty 0.50% management fee, this is just what the doctor ordered for all you Aussie crypto bros looking to diversify your portfolio with some good old-fashioned speculation.

Source: cointelegraph

Monochrome Asset Management launched Australia’s first exchange-traded fund (ETF) that directly holds Ether, with assets under management reaching $176,600.  On Oct. 15, the Monochrome Ethereum ETF (IETH) went live on the Sydney-based equities exchange Cboe Australia with total net assets reaching $176,600 (262,500 Australian dollars) by 2:00 pm local time, according to Cboe Australia. The fund has a management fee of 0.50% and offers in-kind applications and redemptions — allowing […]

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