{"id":373583,"date":"2019-03-05T21:00:39","date_gmt":"2019-03-05T21:00:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=373583"},"modified":"2019-03-05T20:30:22","modified_gmt":"2019-03-05T20:30:22","slug":"switzerland-ethereum-crypto-bitcoin","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/switzerland-ethereum-crypto-bitcoin\/","title":{"rendered":"Switzerland’s Largest Stock Exchange Launches Ethereum ETP"},"content":{"rendered":"
Just over a week after launching a Bitcoin exchange traded product, SIX Swiss Exchange has announced an Ethereum ETP. The new financial products trading at the largest stock exchange in Switzerland have been issued by Amun AG, a digital currency startup based in crypto-friendly Swiss alpine town of Zug<\/a>.<\/p>\n Neither the Ethereum ETP announced today or the Bitcoin one launched at the end of last month is a first for SIX and Amun AG, however. The startup helped the exchange launch the HODL5 fund – an index of five leading digital assets – at the end of 2018.<\/p>\n Swiss crypto startup Anum AG and the nation’s largest stock exchange, SIX, have announced the launch of an Ethereum exchange traded product (ETP) according to the latter’s website<\/a>. The news comes a matter of days after the exchange first listed<\/a> its Bitcoin exchange traded product.<\/p>\n The Ethereum ETP will be listed under the symbol AETH. Meanwhile, the Bitcoin one is referenced as ABTC. SIX will charge a 2.5 percent management fee for traders buying and selling either product. Both are also to be traded against the US dollar.<\/p>\n SIX Swiss Exchange previously launched a basket of five major cryptocurrencies to give investors exposure to the market without requiring technical knowledge of digital asset storage or the risk that it can entail. HODL5 is comprised of Bitcoin<\/a> (BTC), XRP, Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). The percentage included of each in the index corresponds to the relevant crypto’s market share and is adjusted each month.<\/p>\nIs Swiss ETP a Sign of Ethereum Going Institutional Along With Bitcoin?<\/h2>\n