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Australia launches first Ethereum ETF amid evolving crypto regulations

Monochrome Asset Management is set to launch Australia's first spot Ethereum ETF (IETH) on Cboe, following the success of its Bitcoin ETF (IBTC), which raised $15 million since its June debut. Meanwhile, ASIC has proposed new regulations for digital assets, likening Bitcoin to prison currency, raising concerns about the impact on innovation and compliance for crypto tools like non-custodial wallets. The Australian Treasury is also considering regulating digital asset intermediaries under existing financial services laws to address consumer risks while fostering innovation.
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