RATE Group | Switzerland To List World’s First Cryptocurrency ETP
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Switzerland To List World’s First Cryptocurrency ETP

24 Nov Switzerland To List World’s First Cryptocurrency ETP

Posted at 08:21h in Cryptocurrency News by

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The cryptocurrency startup, Amun AG, will be listing an index fund in one of the largest exchanges in Europe. The information was released by the Financial Times a few days ago.

Switzerland Will Host the First Crypto ETP

Switzerland will be hosting the first crypto ETP in the near future. After receiving approval by the local authorities, Amun AG will list the first exchange-traded product in the market.

“The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments,” said Hany Rashwan, the co-founder and executive of Amun.

The fund will be tracking the largest cryptocurrencies in the market according to their valuation and it will accordingly allocate assets. At the time of writing, they have more than half of their assets…

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