Two new carbon-neutral cryptocurrency exchange-traded merchandise (ETPs) have been launched on the Six Swiss Exchange, bringing the whole variety of crypto ETPs to 155.
The SIX Swiss Exchange simply introduced on Monday that Helveteq is introducing two new crypto ETPs, Bitcoin (Bitcoin Zero / BTCO2) and Ethereum (Ether Zero / ETH2O), turning into the third crypto ETP issuer to hitch SIX in 2022.
An ETP is a by-product monetary instrument that trades primarily based on property equivalent to commodities, currencies, share costs or rates of interest. The BTCO2 and ETH2O ETPs search to show buyers to the world’s two most respected cryptocurrencies whereas offsetting their carbon footprints. They are a part of the “crypto goes carbon impartial” marketing campaign led by Helveteq at the side of the Swiss fintech innovation lab on the University of Zurich.
Christian Katz, CEO of Helveteq, mentioned it’s vital to offer carbon-neutral crypto ETPs whereas commenting on the most recent itemizing. He added that:
“Awareness of the hyperlink between the surroundings and the blockchain financial system is rising quick and all of us should work collectively to seek out sustainable options. That’s why Helveteq sponsors and cooperates with the University of Zurich for analysis on this subject, primarily based on which we compensate the carbon footprint of our Zero ETP household.”
Many crypto ETPs have been created for the reason that world’s first crypto ETP was launched on the Swiss SIX Exchange in December 2018. The Amun Crypto Basket ETP (HODL), which tracks 5 main cryptocurrencies, was launched in 2018 because the platform’s first ETP.
On Jan 13, SIX introduced the BTCetc Bitcoin ETP (BTCE) buying and selling, permitting buyers to achieve publicity to the world’s most respected cryptocurrency in a brand new means. The platform gives entry to 240 cryptocurrencies-based merchandise. According to the announcement, the platform’s buying and selling quantity for crypto-related merchandise surged 673% in 2021.