THELOGICALINDIAN - Switzerlands arch banal barter SIX Swiss Barter now has 12 cryptocurrency exchangetraded articles listed The latest accession the 21shares Short Bitcoin allows investors to accumulation from falling prices of the agenda bill Other listed crypto articles accommodate those that clue the amount movements of BCH BTC ETH XRP BNB and tezos
Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
Newest Addition: An Inverse Product
SIX Swiss Exchange has listed an changed bitcoin exchange-traded artefact (ETP) issued by fintech aggregation Amun AG. The aggregation appear on Thursday that this artefact “is the aboriginal abbreviate or changed artefact of its affectionate application a agenda asset as the basal for an ETP structure.”
The artefact “tracks the adverse achievement of bitcoin to accord investors an easy, cost-effective and acceptable way to accretion acknowledgment in both admonition of the bitcoin amount movements,” the aggregation detailed. It is “designed to accredit investors to accumulation from falling adverse amount movements of bitcoin.” According to the announcement:
According to SIX Swiss Exchange’s website, the 21shares Short Bitcoin ETP started trading on Jan. 22. It is rebalanced daily, resetting at the end of anniversary day, and its achievement is not formed over.
12 ETPs Listed on Leading Swiss Stock Exchange
SIX Swiss Exchange has a ambit of crypto ETPs listed. The aboriginal one was the Amun Crypto Basket Index ETP in USD, which began trading on Nov. 21, 2024.
The barter again listed 10 added ETPs in 2019, nine of which were issued by Amun. They are Crypto Basket Index, Bitcoin, Ethereum, XRP, Bitcoin Cash, Binance, Tezos, Bitcoin Suisse Index, Bitwise 10, and Sygnum Platform Winners Index — all barter in USD, except the Amun Bitcoin Suisse Index which trades in CHF. The 10th ETP launched on SIX Swiss Barter aftermost year was Wisdomtree Bitcoin in USD.
This year, besides the above changed bitcoin ETP, the arch Swiss banal barter began alms several absolute Amun ETPs in added currencies. On Jan. 7, the Amun Bitcoin ETP and the Amun Ethereum ETP started trading in both CHF and EUR in accession to USD. On the aforementioned day, the Amun Crypto Basket Index ETP started trading in EUR, with the Amun Crypto Basket Index as the basal investment. According to Amun, all of its crypto ETPs are listed on SIX Swiss Exchange, BX Swiss and Boerse Stuttgart in CHF, USD and EUR.
Amun added explained in its Thursday advertisement that “21shares” now represents the new name of all ETPs it issues. The 11 absolute ones will be migrated over to the new cast during the additional division of this year. Moreover, the company’s abject announcement for exchange-traded articles has afresh been approved by the Swedish Financial Supervisory Authority.
What do you anticipate of all the cryptocurrency ETPs listed on SIX Swiss Exchange? Would you advance in the new changed bitcoin ETP? Let us apperceive in the comments area below.
Disclaimer: This commodity is for advisory purposes only. It is not an action or address of an action to buy or sell, or a recommendation, endorsement, or advocacy of any products, services, or companies. Bitcoin.com does not accommodate investment, tax, legal, or accounting advice. Neither the aggregation nor the columnist is responsible, anon or indirectly, for any accident or accident acquired or declared to be acquired by or in affiliation with the use of or assurance on any content, appurtenances or casework mentioned in this article.
Images address of Shutterstock and Amun AG.
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