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

CommSec, the online securities trading platform under Commonwealth Bank of Australia, has implemented a temporary sell-only restriction on several physically redeemable crypto ETFs in Australia. Monochrome CEO Jeff Yew stated that IBTC and IETH can still be traded through other brokers. They are currently in communication with CommSec to ensure the platform understands the operational framework for physical subscription and redemption of IBTC and IETH, as well as the investor protection mechanisms.