Cryptocurrency Exchange-Traded Product Live on Swiss Stock Exchange Next Week

2018-11-18 09:55

An exchange-traded product tracking an index of five leading cryptocurrencies reportedly will start trading on Switzerland’s Six stock exchange next week. The product will be available to both retail and institutional investors.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Trading on Six Swiss Exchange

The Financial Times reported on Friday that Switzerland’s Six exchange has given a green light to a cryptocurrency exchange-traded product (ETP). The news outlet elaborated:

The Amun Crypto ETP, which will start trading next week on the Six exchange in Zurich, has been designed to track an index based on the movements of five leading cryptocurrencies.

Six Swiss Exchange is Switzerland’s principal stock exchange, trading a wide range of securities. According to the exchange, ETPs “are secured, bearer debt securities that do not earn interest,” so they “are not subject to the Collective Investment Schemes Act (Cisa) and, as such, are not supervised by Finma.” The exchange has a separate category for exchange-traded funds (ETFs).

Hany Rashwan, co-founder and CEO of Amun, explained that the crypto ETP “had been constructed to meet the same strict standards required of conventional exchange-traded products widely used by investors,” the publication conveyed. He was quoted as saying:

The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments.

Tracked Cryptocurrencies

The underlying investment of Amun ETP is Amun Crypto Basket Index (ticker: Hodl5), its website details. Mv Index Solutions (Mvis) and London-based fintech company Amun Technologies Ltd. launched the index in September. The ETP was subsequently launched by Amun AG, a subsidiary of Amun Technologies Ltd. located in Zug, Switzerland. Mvis is a subsidiary of Vaneck which currently has an application with the U.S. Securities and Exchange Commission to list and trade a bitcoin ETF.

Amun Crypto Basket Index’s allocation.

Amun Crypto Basket Index “tracks performance of the top 5 crypto assets in terms of market cap and liquidity, providing diversified exposure to the crypto space while using its proprietary methodology to effectively manage the volatility associated with less liquid/smaller crypto assets,” its website describes.

The company explained that the basket excludes cryptocurrencies that are tied to a fiat currency such as tether, are designed to be anonymous such as monero and zcash, lack sufficient liquidity, trade on non-reputable exchanges, or have been traded for less than 6 months. According to the Financial Times, the ETP will carry an annual management fee of 2.5 percent.

Currently, the basket comprises 48.69 percent BTC, 25.72 percent XRP, 17.60 percent ETH, 5.11 percent BCH, and 2.88 percent LTC. It is rebalanced “monthly to ensure an accurate representation of the current crypto market,” the company explained.

What do you think of this crypto exchange-traded product trading on Six Swiss Exchange? Let us know in the comments section below.

Images courtesy of Shutterstock, Six Swiss Exchange, and Amun Technologies Ltd.

Need to calculate your bitcoin holdings? Check our tools section.

The post Cryptocurrency Exchange-Traded Product Live on Swiss Stock Exchange Next Week appeared first on Bitcoin News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) íà Currencies.ru

$ 0.0054306 (-0.25%)
Îáúåì 24H $1.742k
Èçìåíåèÿ 24h: 1.41 %, 7d: -8.63 %
Cåãîäíÿ L: $0.0053635 - H: $0.0055227
Êàïèòàëèçàöèÿ $6.099m Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0088009 (-38.29%)

product exchange week six next exchange-traded stock

Èñòî÷íèê: news.bitcoin.com

product exchange → Ðåçóëüòàòîâ: 126


Switzerland’s SIX Exchange, Amun To Launch Bitcoin, XRP, Ethereum ETP

The Amun Crypto ETP — Bitcoin, XRP, Ethereum, Bitcoin Cash, Litecoin Included The so-called “SIX Swiss Exchange,” Switzerland’s foremost equity market, has just revealed that it will be giving a green light to the crypto industry’s first exchange-traded product (ETP) that tracks multiple cryptocurrencies (XRP included), Financial Times reports on Saturday.

2018-11-18 00:59


XRP availability in EU gets a huge boost as XRParrot goes live

XRParrot is a product launched by one of the members of XRP community, dubbed as WietseWind, that has already launched couple of apps in the XRP ecosystem. The founders see XRParrot as a mean that will serve either users new to XRP, without exchange accounts, or users wishing to make it easier to repetitively get some […] The post XRP availability in EU gets a huge boost as XRParrot goes live appeared first on CaptainAltcoin.

2018-11-18 22:34


Ôîòî:

Troubled Waters as Leading Bitcoin Mining Firm Allows IPO Application Elapse

One of the world’s largest crypto mining firms, Canaan Inc, has announced its application for an initial product offering (IPO) to the Stock Exchange of Hong Kong (HKEX) lapse. The move has also cast a shadow of doubt on what lies in stock for other cryptocurrency equipment makers: Will there be any more surprises, or will one of the remaining.

2018-11-17 01:00


Ôîòî:

Aevolve Introduces First Crypto Token to be Offered in a Tracker Certificate on SIX Swiss Exchange

Aevolve, a Zurich-based healthtech company, has announced the launch of the first crypto token to be offered in a tracker certificate for subscription on the SIX Swiss Exchange. AVEX.AI (SSPA: 1300) is a classic tracker certificate issued in US dollars that gives accredited investors the ability to invest in a crypto-based structure product and participate […] The post Aevolve Introduces First Crypto Token to be Offered in a Tracker Certificate on SIX Swiss Exchange appeared first on Coinjournal.

2018-11-15 12:17


China's Central Bank Wants to Put the Damper Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-5 22:04


China's Central Bank Wants to Put the Damper on Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-7 22:04


Ripple Executive Reveals Plans for Dubai Office Expansion, Believes XRP Will Solve Liquidity Problem

Several of Ripple’s executives have taken the stand to share what they believe Ripple is all about and how far the firm has come in terms of delivering products and attracting new investors. This has since been reported by Bitcoin Exchange Guide, where the SVP of Product, Asheesh Birla, Director of Product, Craig DeWitt and […]

2018-11-1 03:08


Ôîòî:

Poloniex Revised Terms of Use, Shutters Services in Several Countries

With a revision to the popular exchange’s terms of use, users from a handful of jurisdictions will have their access to Poloniex shuttered. According to an October 18, 2018, update, “the websites and the services offered by Poloniex (as defined below) are NOT addressed to persons who have their registered office or place of residence in China, Germany, Pakistan, the U.

2018-10-26 22:46


XLM Stands Up With Real World Application

Coming in at number 6 as one of the biggest cryptocurrencies in the world is Stellar. Adoption is increasing and the crypto is currently in the green after yesterday’s market crash. A US-based qualified custodian, Prime Trust recently announced that they will support Stellar while it is being actively used as the network of choice to build platforms on due to quick speeds and being trustworthy.

2018-10-12 21:30


Ôîòî:

Decentralized Dark Pool Exchange RenEx Launched by Republic Protocol

The world’s first decentralized dark pool exchange, RenEx, launched on September 27, 2018, as per an announcement shared with BTCManager. Dark Pools 101 Developed by Singapore-based Republic Protocol, the platform focuses on trading large volumes of cryptocurrencies on hidden order books, called “dark pools,” between high-net-worth buyers and sellers.

2018-9-27 20:30


Ôîòî:

New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic.

2018-9-15 01:22


Ôîòî:

Insiders: Nasdaq Intends To Offer Crypto Price Prediction Product

Source: Nasdaq To Launch Crypto-Centric Analytics Product By November  Unlike a majority of traditional financial institutions, Nasdaq, the world’s second-largest stock exchange by market capitalization, has taken a friendly approach when it comes to crypto assets, taking a series of measures to seemingly prepare for the arrival of the next ground-breaking technology — blockchain and […] The post Insiders: Nasdaq Intends To Offer Crypto Price Prediction Product appeared first on Ethereum World News.

2018-9-12 04:02


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Crypto Tax Payments Coming to the Swiss Canton of Zug

Switzerland’s crypto valley, Zug, is taking another step towards complete virtual currency adoption with plans to begin accepting tax payments in cryptocurrency. Several tax offices around the world have okayed citizens meeting their tax obligations using virtual tokens.

Major Swiss Insurer Adds Bitcoin and Ether Payments

Atupri, a Swiss health insurance provider, said Monday that its 200,000 customers will now be able to make payments using bitcoin and ethereum. The 110-year old firm claims it is the “first” insurer in Switzerland to accept cryptocurrencies.