In line with a recent announcement, Switzerland based renowned stock exchange named ‘SIx’ can reportedly launch another crypto ETP [Exchange-Traded Product] for Ripple [XRP].
Switzerland based cryptocurrency startup ‘Amun AG’ that primarily ‘launched‘ the world’s 1st listed crypto index product on SIX earlier in Nov., has confirmed the info to The Block. In line with the startup, the Ripple [XRP] ETP can presently be launched underneath the ticker AXRP.
‘Hany Rashwan’ – The co-founder and chief operating officer of Amun AG in an interview with Coindesk stated that the corporate has also received SIX’s approval to launch four additional ETPs for other altcoins likely Bitcoin Cash [BCH], Litecoin [LTC], Stellar [XLM] and Eos [EOS].
As per Financial Times ‘FT’, Amun AG has additionally recently ‘closed‘ a $4.2 Mln crowd-funding round. The FT further writes that Graham Tuckwell, the Australian entrepreneur who was behind the world’s 1st gold ETP [Exchange-Traded Product] before the founding investment firm ETF Securities, participated within the investment.
As reported earlier in Nov. last year, SIX listed the world’s 1st multi-crypto-based ETP — also called Amun Crypto Basket ETP — below the ticker HODL. The index tracks 5 major crypto assets namely Bitcoin [BTC], Ripple [XRP], Ethereum [ETH], Bitcoin Cash [BCH] and Litecoin [LTC]. Later on, Amun AG ‘revealed‘ ETPs for Ethereum [ETH] and Bitcoin [BTC], that traded below the ticker symbols AETH and ABTC.
According to the ‘information‘ provided by SIX exchange, the Amun Crypto-currency Basket ETP is presently the foremost traded ETP by volume. However, the worth by share has dipped from $15 USD to around $13 USD since its launch from November.
Just earlier this year, SIX Swiss Exchange ‘declared‘ that it would be testing blockchain integration for its forthcoming parallel digital commerce platform named DSX [Six Digital Exchange], and would use the technology to tokenize stocks, bonds and presumably ‘ETFs‘. Even earlier this month, the exchange ‘partnered‘ with blockchain consortium R3’s Corda Enterprise platform to launch its upcoming ‘blockchain‘-powered digital exchange.