CommSec imposes sell only restrictions on Australian crypto ETFs, Jeff Yew is in communication with them

CommSec, an online securities trading platform under the Commonwealth Bank of Australia, has implemented temporary sell only restrictions on multiple cryptocurrency ETFs in Australia that have physical redemption capabilities. Monochrome CEO Jeff Yew stated that IBTC and IETH can still be traded through other brokers, and is currently in communication with CommSec to ensure their understanding of the physical subscription and redemption operation framework and investor protection mechanism of IBTC and IETH.