New Additions to Crypto ETP Arsenal
The Six Swiss Exchange has upped its game with the introduction of two new carbon-neutral cryptocurrency exchange-traded products (ETPs): Bitcoin Zero (BTCO2) and Ether Zero (ETH2O). This announcement, which came through on a sunny Monday, has brought the total number of crypto ETPs on the platform to a whopping 155. Talk about a crypto buffet!
What’s the Deal with ETPs?
If you’re scratching your head wondering what an ETP actually is, you’re not alone. ETPs are essentially derivative financial instruments that trade based on various assets like commodities and currencies. In simple terms, they allow investors to dip their toes into the world of cryptocurrencies without diving headfirst into the sometimes murky waters of individual coin trading.
Going Green: The Carbon-Neutral Initiative
The latest ETPs from Helveteq aim to offer access to Bitcoin and Ethereum while addressing a critical issue: carbon footprints. As climate change becomes an increasingly hot topic (pun fully intended), Helveteq’s new products fall under the initiative titled “crypto goes carbon neutral.” Launched in collaboration with the Swiss fintech innovation lab at the University of Zurich, the products pledge to offset carbon emissions associated with cryptocurrency trading, proving you can invest and still save the planet!
A Word from the CEO
“Awareness of the link between the environment and the blockchain economy is rising fast… that’s why Helveteq sponsors and cooperates with the University of Zurich for research in this field,” said Christian Katz, CEO of Helveteq.
In short, Helveteq is all about striking that balance between making a profit and saving Mother Earth. It’s like being a superhero in a suit and tie—saving the world one Bitcoin at a time!
The Rise of Crypto ETPs
Since the launch of the world’s first crypto ETP on the SIX Swiss Exchange in December 2018, the market has exploded to 155 crypto ETPs, showcasing a notable growth in interest and accessibility. The inaugural product, the Amun Crypto Basket ETP (HODL), provided a sneak peek into the future of investing, tracking five major cryptocurrencies and sparking a wave of similar products.
Crypto Trading Volume Blasts Off
The Six Swiss Exchange isn’t just sitting back and counting coins either. The trading volume for crypto-related products has surged by a staggering 673% in 2021, which is either phenomenal growth or just proof that everyone decided to finally jump on the crypto bandwagon after a year of staying indoors.
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