5 March, the main stock exchange Switzerland SIX Swiss Exchange announced the start of trading in exchange-traded product (ETP) on the basis of Ethereum cryptocurrency.
Amun ETP Ethereum will be traded under the Ticker AETH. Annual fee for the management tool will be 2.5%.
Note that ETP unlike ETFs are not subject to the Law on collective investment schemes (CISA) and is not controlled by the Swiss service for supervision of financial markets (FINMA).
Recall that in late November 2018, SIX Swiss Exchange launched the ETP Amun Crypto (HODL) on the basis of bitcoin, XRP, Ethereum, Bitcoin and Litecoin ABC Cash. The product became the leader in trading volume in less than a week.
Earlier in February, the stock market has begun to test the possibilities of blockchain technology for the upcoming launch of the SDX platform.
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