Two new carbon-neutral cryptocurrency exchange-traded merchandise (ETPs) have been launched on the Six Swiss Exchange, bringing the overall variety of crypto ETPs to 155.
The SIX Swiss Exchange simply introduced on Monday that Helveteq is introducing two new crypto exchange-traded merchandise (ETPs), Bitcoin (Bitcoin Zero / BTCO2) and Ethereum (Ether Zero / ETH2O), turning into the third crypto ETP issuer to affix SIX in 2022.
An ETP is a by-product monetary instrument that trades based mostly on belongings reminiscent of commodities, currencies, share costs, or rates of interest. The BTCO2 and ETH2O ETPs search to show traders 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 along with 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 search out sustainable options. That’s why Helveteq sponsors and cooperates with the University of Zurich for analysis on this discipline, based mostly on which we compensate the carbon footprint of our Zero ETP household.”
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Many crypto ETPs have been created because the 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 traders to realize publicity to the world’s most respected cryptocurrency in a brand new method. 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.