Leading Swiss Stock Exchange Now Offers 12 Crypto Exchange-Traded Products

Switzerland’s principal inventory change, SIX Swiss Trade, now has 12 cryptocurrency exchange-traded merchandise listed. The newest addition, the 21shares Brief Bitcoin, permits traders to revenue from falling costs of the digital forex. Different listed crypto merchandise embody people who observe the worth actions of BCH, BTC, ETH, XRP, BNB, and tezos.

Additionally learn: Regulatory Roundup — New US Crypto Tax Invoice, Central Banks Be a part of Forces on Digital Currencies

Latest Addition: An Inverse Product

SIX Swiss Trade has listed an inverse bitcoin exchange-traded product (ETP) issued by fintech firm Amun AG. The corporate introduced on Thursday that this product “is the primary quick or inverse product of its form utilizing a digital asset because the underlying for an ETP construction.”

The product “tracks the other efficiency of bitcoin to present traders a straightforward, cost-effective and handy solution to acquire publicity in each instructions of the bitcoin value actions,” the corporate detailed. It’s “designed to allow traders to revenue from falling opposed value actions of bitcoin.” In keeping with the announcement:

The 21shares Brief Bitcoin ETP (Ticker: SBTC) seeks to offer a -1x return to the efficiency of bitcoin for a single day. This product obtains quick publicity by way of borrowing bitcoin and concurrently promoting it on an execution platform.

In keeping with SIX Swiss Trade’s web site, the 21shares Brief Bitcoin ETP began buying and selling on Jan. 22. It’s rebalanced each day, resetting on the finish of every day, and its efficiency isn’t rolled over.

12 ETPs Listed on Main Swiss Inventory Trade

SIX Swiss Trade has a spread of crypto ETPs listed. The primary one was the Amun Crypto Basket Index ETP in USD, which started buying and selling on Nov. 21, 2018.

The change then listed 10 extra ETPs in 2019, 9 of which had been issued by Amun. They’re Crypto Basket Index, Bitcoin, Ethereum, XRP, Bitcoin Money, Binance, Tezos, Bitcoin Suisse Index, Bitwise 10, and Sygnum Platform Winners Index — all commerce in USD, besides the Amun Bitcoin Suisse Index which trades in CHF. The 10th ETP launched on SIX Swiss Trade final 12 months was Wisdomtree Bitcoin in USD.

This 12 months, in addition to the aforementioned inverse bitcoin ETP, the main Swiss inventory change started providing a number of present Amun ETPs in extra currencies. On Jan. 7, the Amun Bitcoin ETP and the Amun Ethereum ETP began buying and selling in each CHF and EUR along with USD. On the identical day, the Amun Crypto Basket Index ETP began buying and selling in EUR, with the Amun Crypto Basket Index because the underlying funding. In keeping with Amun, all of its crypto ETPs are listed on SIX Swiss Trade, BX Swiss and Boerse Stuttgart in CHF, USD and EUR.

Amun additional defined in its Thursday announcement that “21shares” now represents the brand new identify of all ETPs it points. The 11 present ones shall be migrated over to the brand new model throughout the second quarter of this 12 months. Furthermore, the corporate’s base prospectus for exchange-traded merchandise has just lately been authorised by the Swedish Monetary Supervisory Authority.

What do you consider all of the cryptocurrency ETPs listed on SIX Swiss Trade? Would you spend money on the brand new inverse bitcoin ETP? Tell us within the feedback part beneath.

Disclaimer: This text is for informational functions solely. It isn’t a proposal or solicitation of a proposal to purchase or promote, or a suggestion, endorsement, or sponsorship of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any harm or loss prompted or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.

Photographs courtesy of Shutterstock and Amun AG.

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Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.