Switzerland’s crypto ETP gets great response

posted 18 days ago
The worlds first crypto "exchange traded product" launched on a Swiss exchange last week, & has been clocking good trade volume, specifically it has the highest turnover of any product on the exchange. The fund that was introduced by cryptocurrency firm Amun includes Bitcoin, Litecoin & others. The Amun ETP hit a daily turnover of $425,000 at closing on November 26th, beating several commodity products in silver, crude oil, and gold.

High trading volume is an indicator of investor enthusiasm for a financial product. While the number clocked is higher than other products on the exchange, it is still small compared to the size of any large ETF in the United States. To put this in perspective, according to etf.com, the SPDR Gold Shares ETF clocks in an average daily volume of ~$1 billion.
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