Two new carbon-neutral cryptocurrency exchange-traded merchandise (ETPs) have been launched on the Six Swiss Trade, bringing the whole variety of crypto ETPs to 155.
The SIX Swiss Trade simply announced on Monday that Helveteq is introducing two new crypto ETPs, Bitcoin (Bitcoin Zero / BTCO2) and Ethereum (Ether Zero / ETH2O), changing into the third crypto ETP issuer to hitch SIX in 2022.
An ETP is a spinoff monetary instrument that trades based mostly on property akin to commodities, currencies, share costs or rates of interest. The BTCO2 and ETH2O ETPs search to reveal buyers to the world’s two most respected cryptocurrencies whereas offsetting their carbon footprints. They’re a part of the “crypto goes carbon impartial” marketing campaign led by Helveteq along side the Swiss fintech innovation lab on the College of Zurich.
Christian Katz, CEO of Helveteq, stated it’s important to offer carbon-neutral crypto ETPs whereas commenting on the most recent itemizing. He added that:
“Consciousness of the hyperlink between the surroundings and the blockchain economic system is rising quick and all of us should work collectively to seek out sustainable options. That’s why Helveteq sponsors and cooperates with the College of Zurich for analysis on this subject, based mostly on which we compensate the carbon footprint of our Zero ETP household.”
Many crypto ETPs have been created for the reason that world’s first crypto ETP was launched on the Swiss SIX Trade in December 2018. The Amun Crypto Basket ETP (HODL), which tracks 5 main cryptocurrencies, was launched in 2018 because the platform’s first ETP.
On Jan 13, SIX announced the BTCetc Bitcoin ETP (BTCE) buying and selling, permitting buyers to realize publicity to the world’s most respected cryptocurrency in a brand new method. The platform gives entry to 240 cryptocurrencies-based merchandise. In line with the announcement, the platform’s buying and selling quantity for crypto-related merchandise surged 673% in 2021.