Monochrome Launches Unique Ethereum ETF with Tax Benefits in Australia

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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.