Monochrome Asset Management is preparing to launch Australia's first spot Ethereum ETF on Cboe. The Monochrome Ethereum ETF (IETH) will begin trading on Monday, following the launch of its Bitcoin ETF (IBTC) in August 2023, which reached a size of 10.10 million USD. The fund positions itself as the world's first to offer physical Ethereum subscriptions and redemptions. The company's CEO, Jeff Yew, stated in an interview that this feature can enhance tax efficiency. The dual access structure of the bare trust aims to prevent capital gains tax events, allowing long-term participants in the crypto industry to transfer Ethereum into the corresponding Monochrome ETF without triggering changes in legal and beneficial ownership, thereby granting investors absolute rights over their allocated Ethereum. (Decrypt)