Leading stock exchange Switzerland — SIX Swiss Exchange — on March 5, began trading exchange-traded product (ETP) based on cryptocurrency Ethreum.
New crypto-ETP with Ticker AETH launched start-up of Amun. Last week, SIX Swiss Exchange began trading exchange-traded product of the company based on bitcoin — Amun Bitcoin ETP (Ticker — ABTC). The management fee both ETP is 2.5% per year.
The first crypto-ETP Swiss startup was approved SIX in November of last year. The product is based on the index basket of the five leading cryptocurrency, the weight of it in Amun Crypto Basket Index ETP were: 48,13% of bitcoins, 29% of XRP, of 16.39% Ethereum, A 3.74% Bitcoin Cash (ABC) and of 2.74% Litecoin. After the launch of the Crypto Basket Index ETP, the company announced the creation of exchange-traded products based on each of the five scriptaction.
Recall that SIX Swiss Exchange plans before the end of the year to start shopping blockchain-based platform for digital assets — SIX Digital Exchange (SDX). Moreover, the exchange intends to hold her own initial location of the security token (STO) to attract funding.