Swiss public exchange lists two new carbon-neutral crypto ETPs

Two caller carbon-neutral cryptocurrency exchange-traded products (ETPs) person been launched connected the Six Swiss Exchange, bringing the full fig of crypto ETPs to 155.

The SIX Swiss Exchange conscionable announced on Monday that Helveteq is introducing 2 caller crypto exchange-traded products (ETPs), Bitcoin (Bitcoin Zero / BTCO2) and Ethereum (Ether Zero / ETH2O), becoming the 3rd crypto ETP issuer to articulation SIX successful 2022.

An ETP is simply a derivative fiscal instrumentality that trades based connected assets specified arsenic commodities, currencies, stock prices, oregon involvement rates. The BTCO2 and ETH2O ETPs question to exposure investors to the world's 2 astir invaluable cryptocurrencies portion offsetting their c footprints. They are portion of the "crypto goes c neutral" run led by Helveteq successful conjunction with the Swiss fintech innovation laboratory astatine the University of Zurich.

Christian Katz, CEO of Helveteq, said it is captious to supply carbon-neutral crypto ETPs portion commenting connected the latest listing. He added that:

"Awareness of the nexus betwixt the situation and the blockchain system is rising accelerated and we each indispensable enactment unneurotic to find sustainable solutions. That’s wherefore Helveteq sponsors and cooperates with the University of Zurich for probe successful this field, based connected which we compensate the c footprint of our Zero ETP family.”

Related: ETF supplier WisdomTree launches Solana, Cardano, Polkadot ETPs

Many crypto ETPs person been created since the world's archetypal crypto ETP was launched connected the Swiss SIX Exchange successful December 2018. The Amun Crypto Basket ETP (HODL), which tracks 5 large cryptocurrencies, was introduced successful 2018 arsenic the platform's archetypal ETP.

On Jan 13, SIX announced the BTCetc Bitcoin ETP (BTCE) trading, allowing investors to summation vulnerability to the world's astir invaluable cryptocurrency successful a caller way. The level provides entree to 240 cryptocurrencies-based products. According to the announcement, the platform's trading measurement for crypto-related products surged 673% successful 2021.