Forget about SEC and ETF - The Swiss Exchange offers regulated Ethereum ETP!

in #ethereum5 years ago


SIX Swiss Exchange offers Ethereum ETP. It happened on 5.3.2019.

What is ETP - (Exchange traded products)

This is a type of security. ETPs are valued in such a way that the value comes from other investment instruments, such as commodity, currency, share price or interest rate. In this case, this will be the price of the selected cryptocurrency.

Ethereum ETP was announced by the SIX Group in November 2018. SIX Swiss Exchange says it will offer up to five ETP crypto including BTC, Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum.

Thanks to the Swiss launch of Amun AG, the new ETP will be marketed under the AETH index. The administrative charge will be 2.5%.

It is assumed that Ethereum ETP will receive 16.7% of the total, while Bitcoin should account for approximately half of ETP assets. Ripple, which is currently the third largest crypto, will receive 24.4%, while Bitcoin Cash and Litecoin will have "only" 5.2% and 3%.

Completion of the new platform is expected towards the end of the summer.

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