Two new carbon-neutral crypto ETPs are listed on the Swiss stock exchange

The BTCO2 and ETH2O exchange-traded products (ETPs) aim to provide investors with exposure to the world’s two most valued cryptocurrencies while also offsetting their carbon footprints.

On the Six Swiss Exchange, two new carbon-neutral cryptocurrency exchange-traded products (ETPs) have been created, bringing the total number of crypto ETPs to 155.

The SIX Swiss Exchange announced on Monday that Helveteq will launch two new crypto exchange-traded products (ETPs) in 2022: Bitcoin (Bitcoin Zero / BTCO2) and Ethereum (Ether Zero / ETH2O). Helveteq will become SIX’s third crypto ETP issuer in 2022.

An ETP is a type of derivative financial instrument that trades commodities, currencies, stock prices, and interest rates. The BTCO2 and ETH2O exchange-traded products (ETPs) aim to provide investors with exposure to the world’s two most valued cryptocurrencies while also offsetting their carbon footprints. They are part of Helveteq’s “crypto goes carbon neutral” initiative in collaboration with the University of Zurich’s Swiss fintech innovation lab.

Christian Katz, CEO of Helveteq, stated in response to the latest listing that it is critical to develop carbon-neutral crypto ETPs. Additionally, he stated:

“Awareness of the connection between the environment and the blockchain economy is growing rapidly, and we must all work collaboratively to create sustainable solutions.” That is why Helveteq sponsors and collaborates with the University of Zurich on research in this field, on the basis of which we offset our Zero ETP family’s carbon impact.”

Numerous crypto ETPs have been issued since December 2018, when the world’s first crypto ETP was launched on the Swiss SIX Exchange. The Amun Crypto Basket ETP (HODL) was launched in 2018 as the platform’s inaugural ETP. It follows five main cryptocurrencies.

SIX unveiled the BTCetc Bitcoin ETP (BTCE) trading on January 13, providing investors with a new option to obtain exposure to the world’s most valuable cryptocurrency. The platform enables users to access more than 240 cryptocurrency-based items. The platform’s trade volume for crypto-related products increased 673 percent in 2021, according to the announcement.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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