IETH | Monochrome Ethereum ETF
Australia’s first direct spot Ethereum ETF
Ticker: IETH
Net Asset Value
$4.7682
Total Net Assets
$1,182,658.51
Tracking Difference
0.0003%
Management Fee
0.50%
Daily Return
-0.57%
Monthly Return
21.83%
Ethereum Per Share
0.000999
As Of Date
20/11/2024
Fund Summary
About the ETF
Fund Objective
The fund’s objective is to provide investors with an investment return that tracks the price of ethereum in Australian dollars (before fees and costs).
Investment Strategy
The Investment Manager will implement a strictly passive buy and hold investment strategy for ethereum. The fund will not use derivatives, leverage, or short selling.
Ticker
IETH
Exchange
Cboe Australia
Benchmark Index
CME CF Ether-Dollar Reference Rate, Asia-Pacific Variant
Inception Date
15/10/2024
Management Fee
0.50% p.a.
Service Providers
Administrator & Cash Custodian
Benchmark Index
Registry
Bitcoin Custodian
iNAV Provider
* CF Benchmarks Ltd. index data is used under license as a source of information for certain Vasco Trustees Limited (Vasco) products. CF Benchmarks Ltd., its licensors and agents have no other connection to Vasco products and services and do not sponsor, endorse, recommend or promote any Vasco products or services. CF Benchmarks its licensors and agents have no obligation or liability in connection with the Vasco products and services. CF Benchmarks its licensors and agents do not guarantee the accuracy and/or the completeness of any index licensed to Vasco and shall not have any liability for any errors, omissions, or interruptions therein except where expressly agreed to in writing.
Documents
02/10/2024 | Product Disclosure Statement (PDS) | Download |
02/10/2024 | Target Market Determination (TMD) | Download |
Posted Daily | Portfolio Composition File | Download |
For in-specie applications or redemptions, please contact investor-services@monochrome.co
Transfer your Ethereum portfolio to IETH directly
Moving your assets to the Monochrome Ethereum ETF (IETH) from another account is simple.
Supports all digital currency exchanges and wallets
Zero transfer fees *
No CGT implications **
*In specie investors are subject to Ethereum Network fees to validate the transactions. Ongoing management fees and costs apply. Refer to the Product Disclosure Statement for more information on fund fees and costs.
**Assuming no change of beneficial ownership. Investors should seek their own tax advice before making any investment decisions.
Performance
$4.7682
As of 20 Nov 2024
Date | Currency | NAV | AUM | Daily Return | Monthly Return | Tracking Difference | Ethereum Allocation |
|---|---|---|---|---|---|---|---|
20/11/2024 | AUD | $4.7682 | $1,182,658.51 | -0.57% | 21.83% | 0.0003% | 0.000999 |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
* An indicative NAV per Unit (“iNAV”) for the Fund will be published throughout the Securities exchange trading day. The iNAV is reflective of real-time movements in the Funds underlying instruments. The iNAV represents the best estimate by the Issuer or its appointed agents of the value per unit in the Fund throughout the trading day. The iNAV is calculated by Solactive AG (Solactive). The Monochrome Ethereum ETF is not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to the iNAV, iNAV calculation or the Monochrome Ethereum ETF.
Invest in IETH
Why invest in IETH?
Introducing the Monochrome Ethereum ETF (IETH) – for investors seeking direct exposure to ethereum within a licensed framework.
Ethereum Applications and Redemptions
IInvestors can apply or redeem in cash or in-specie in ethereum, offering investors flexibility and efficiency in managing their cryptocurrency holdings.
Licensed entities
The fund is overseen by licensed and regulated entities.
Robust benchmarking tracked in Australian Dollars
CF Benchmarks is the world's leading crypto index provider, regulated by the UK Financial Conduct Authority.
How to Invest
• Ticker: IETH
• Investors should read the Product Disclosure Statement and Target Market Determination before making any investment decisions.
• The Monochrome Ethereum ETF is easily accessible from a brokerage account. Search ‘IETH’ or talk to your financial advisor.
• Place your order via any licensed Cboe broker, see button below for list of brokers.
Additional Information
For Investors
Invest directly with ethereum
Investors in the Monochrome Ethereum ETF (IETH) can invest via in-specie applications.
Get Started
Talk to us
To explore about how a ethereum allocation could work for your portfolio, contact us to learn more.
Frequently Asked
Questions (FAQs)
What is Ethereum?
Ethereum is a blockchain platform that enables developers to build and deploy decentralised applications (DApps). Its native cryptocurrency, Ether (ETH), is used for transactions and to power applications on the network.
What is an Ethereum ETF?
An Ethereum ETF (Exchange-Traded Fund) is an investment product that allows you to gain exposure to Ethereum (ETH) without having to buy and store it directly. The ETF holds Ethereum on your behalf, making it easier and more accessible to invest.
How is the Monochrome Ethereum ETF (IETH) different from buying Ethereum directly?
Buying the Monochrome Ethereum ETF (IETH), offers several advantages over buying Ethereum (ETH) directly:
• Ease of Access: IETH allows investors to gain exposure to Ethereum without needing to handle the technical aspects of buying, storing, and securing Bitcoin themselves.
• Security: The ETF uses a professional custodian to securely store the Ethereum, reducing the risk of theft or loss associated with self-custody.
• Licensed Framework: The fund is overseen by licensed entities. The Responsible Entity holds an Australian financial services licence and the Ethereum Custodians are licensed under their respective state laws in the USA.
• Convenience: Investors can buy and sell IETH on the Cboe trading platform or through the Registry, just like other traditional financial products, making it easier to manage within a diversified investment portfolio.
Why invest in IETH?
IETH provides direct exposure to Ethereum and the convenience of a traditional ETF while aiming to hold Ethereum directly to provide robust asset backing.
• Tax Treatment: Your investment in the ETF may be treated as if you directly own the Ethereum for tax purposes. This could impact how capital gains tax is applied to your investment.
• Beneficial Ownership: You are considered to have a beneficial ownership of the Ethereum, even though the Ethereum is held in trust by the Responsible Entity. This means you benefit from any gains in the value of the Ethereum and bear the risks of any losses.
• Legal Clarity: It clarifies your rights to the Ethereum held in trust, ensuring that your entitlement to the Ethereum is recognised under the terms of the ETF and relevant laws.
Overall, absolute entitlement ensures that your investment in the ETF is treated in a manner similar to direct ownership of Ethereum, but with the added benefits of professional management and custody provided by the ETF.
How do I buy the Monochrome Ethereum ETF (IETH)?
You can buy IETH through your regular brokerage account or trading platform, just like you would any other ETF. Search for the ticker symbol “IETH” and place an order as you normally would for any listed stock or ETF. Additionally, investors have the option to make an in-specie application into the Monochrome Ethereum ETF (IETH), allowing them to transfer Ethereum directly into the fund (minimum application amount is 3 ETH).