ETP BTCO2 and ETH2O aim to introduce investors to the two most valuable cryptocurrencies in the world while offsetting their carbon footprint.
Two new carbon-neutral exchange-traded crypto products (ETPs) have been launched on the Six Swiss Exchange, bringing the total number of crypto ETPs to 155.
Swiss exchange SIX just announced on Monday that Helveteq is launching two new crypto ETPs, Bitcoin (Bitcoin Zero/BTCO2) and Ethereum (Ether Zero/ETH2O), becoming the third crypto ETP issuer to launch in 2022. Six is coming.
ETP is a derivative financial instrument that trades on the basis of assets such as commodities, currencies, stock prices or interest rates. ETP BTCO2 and ETH2O aim to introduce investors to the two most valuable cryptocurrencies in the world while offsetting their carbon footprint. They are part of the “Cryptocurrency Goes Carbon Neutral” campaign run by Helveteq in collaboration with the Swiss Fintech Innovation Lab at the University of Zurich.
Christian Katz, CEO of Helveteq, said it was important to offer carbon neutral cryptocurrency ETPs when commenting on the recent listing. He added:
“Awareness of the connection between the environment and the blockchain economy is growing rapidly, and we all need to work together to find sustainable solutions. That is why Helveteq is funding and collaborating with the University of Zurich for research in this area, based on which we offset the carbon footprint of our Zero ETP family.”
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Since the world’s first crypto ETP was launched on SIX Swiss Exchange in December 2018, a plethora of crypto ETPs have been created. The Amun Crypto Basket ETP (HODL), which tracks five major cryptocurrencies, was launched in 2018 as the platform’s first ETP.
On January 13, SIX announced the launch of BTCetc Bitcoin ETP (BTCE) trading, providing investors with a new way to access the most valuable cryptocurrency in the world. The platform provides access to 240 cryptocurrency-based products. According to the announcement, trading volume on the platform for cryptocurrency-related products increased by 673% in 2021.