ETP-based Ethereum trading launched in Switzerland

Yesterday, the Swiss stock exchange announced the opening of Ethereum-based ETP trading. ETP or Exchange Traded Product (“Exchange Traded Product”) is an investment object whose shares are traded on the stock exchange.

SIX Swiss Exchange representatives said that the product is called Amun Ethereum ETP and is listed under the AETH ticker. A fee of 2.5% per annum will have to be paid for the management services of the ETP etirium.
Earlier, a stock exchange product was launched on the SIX Swiss Exchange under the ticker “Hodl”. He acted as an analogue of the acclaimed Bitcoin-ETF, but was based on an index that includes the five largest cryptocurrencies.
Thus, most of the crypto-ETP assets, namely 48.13%, were invested in BTC, 29% in XRP, 16.39% in Ethereum, 3.74% in fork of BCash Bitcoin ABC and 2.74% - in Litecoin.

“Amun ETP will enable institutional investors who are limited to working with securities or do not want to create a repository for digital currencies to gain access to cryptocurrencies. It will also be available for retail investors who cannot work with cryptocurrency exchanges due to regulatory restrictions, ”said Amun's co-founder, Hani Rashwan, in November last year.