RATE Group | Swiss Bitcoin ETP Volume Spikes to Record High as Institutional Investors Buy the Dip
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Swiss Bitcoin ETP Volume Spikes to Record High as Institutional Investors Buy the Dip

13 Dec Swiss Bitcoin ETP Volume Spikes to Record High as Institutional Investors Buy the Dip

Posted at 05:45h in Bitcoin News by

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The drastic decline in bitcoin’s price this crypto winter may have peaked the interest of institutional investors. According to recent data, there is a spike in volume for the bitcoin exchange-traded product (ETP) on the SIX Swiss Stock Exchange.

The ETP traded on Switzerland’s SIX exchange has the HODL ticker symbol. Amun Crypto launched it in November 2018. The ETP represents a fully collateralized and non-interest-paying bearer debt security similar to an index and consisting of 5 cryptocurrencies.

Comprising the ETP is bitcoin (BTC) at 48%, followed by XRP at 30%, ethereum (ETH) at 17.6%, and smaller amounts of bitcoin cash (BCH) and litecoin (LTC).

Are Institutional Investors Buying the Dip?

The recently launched Bitcoin ETP has experienced record volume this past week, signaling that institutional buyers may be scooping bitcoin up at the lowest prices this year.

Covering various statistics of the Bitcoin ETP is Su Zhu, the CEO at FX Hedge Fund. According to Zhu and…

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