Swiss stock exchange to launch world's first crypto ETF next week

posted 28 days ago
The world’s first crypto Exchange Traded Product, with ticker symbol HODL, starts 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. We believe Switzerland to be the best jurisdiction for our base and intend, after launching our initial products on the SIX Swiss Exchange, to both launch additional products as well as dual-list across additional geographies and stock exchanges.
Tags: bitcoin, blockchain, news