The world’s first crypto Exchange Traded Product (ETP) is to start trading next week on Europe’s fourth biggest exchange, SIX Swiss Exchange, with a market capitalization of $1.6 trillion.
A crypto startup, Amun AG, has been given the green-light to list an index fund on a traditional stock exchange with Hany Rashwan, co-founder and chief executive of Amun, stating:
“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.”
The fund tracks the biggest cryptos by market share and accordingly allocates assets. Currently they have about half on bitcoin and nearly 30% on Ripple which has recently overtaken ethereum to second position.
They further list Bitcoin Cash, the ABC chain, and Litecoin. Making this the world’s first stock exchange listed fund to include Ripple, BCH or LTC.......MORE
And that's enough cryptocurrency stuff for today.
Earlier:
Cryptocurrencies: "How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy"
