Monochrome Applies to List Ether ETF (IETH) on ASX
Monochrome Asset Management announced that it has filed an application for listing of the Monochrome Ether ETF (symbol: IETH) with the Cboe Australian Exchange, along with its Responsible Entity partner, Vasco Trustees Limited. IETH will be a passive holding of Ether, providing retail investors with a regulated opportunity to invest in the second largest crypto asset by market capitalization. IETH will utilize a dual access mechanism that will allow investors to make both cash and physical subscription redemptions. Subject to listing approval, Monochrome expects the IETH to be listed on the Cboe Australian Exchange by the end of September 2024 and will be available for trading on prime brokerage platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US stock index adjustments to take effect next Monday: Bloom Energy (BE.US) and Everpure (P.US) to be included in S&P 500, changes also for mid- and small-cap stocks
Bloom Energy, Illumina, and Everpure will be included in the S&P 500 index, while several other companies will be added to the S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices.
Is the Federal Reserve repeating the 2022-style rate hikes? Bank of America warns: Rates may return above 5%, suggests shorting two-year U.S. Treasuries.
Bank of America warns: With Waller at the helm, the Federal Reserve may raise interest rates above 5%, potentially repeating the events of 2022.
OpenAI is expected to burn over $278 billion in cash by 2030, with a revenue target of $350 billion over the same period.
OpenAI is expected to generate up to $278 billion in negative free cash flow over the next five years, driven solely by computing power and infrastructure, with cumulative spending projected to reach approximately $856 billion by 2030. The company anticipates revenue of $350 billion in 2030 and $36 billion in 2026, with total revenue from 2026 to 2030 amounting to around $840 billion.
Crypto prices
More
