One of the largest European exchanges – Swiss SIX Swiss Exchange launched trading in exchange-traded product (ETP) based on Ethereum. This is evidenced by the official website of the marketplace.
Developed a blockchain startup product Amun called Amun Ethereum, and is trading under the Ticker AETH. The fee for asset management is 2.5% per year.
Previous cryptocurrency ETP – Amun Crypto Basket – was launched on the SIX in November of last year and in less than a week has become the leader in trading volume. He surpassed the popularity of assets based on gold, oil and silver. To date, crypto-ETP continues to hold top position.
Unlike exchange-traded funds (ETFs) exchange-traded products do not fall under the control of the Swiss service for financial market supervision (FINMA) and is not regulated by the law on collective investment schemes (CISA).
Swiss stock exchange is not only interested in the cryptocurrency investment instruments, but the blockchain technology. In the first half of 2019 SIX plans to launch trading blockchain-pad SIX Digital Exchange.