◎ What is "ETP"?
ETFP, Exchange Traded Product (listed investment products) and refers to a wide variety of financial products traded on the stock exchanges during the day.
Price fluctuation of ETP is linked to other financial products (stocks, commodities, interest rates, currencies, etc.), but it does not actually take ownership of assets.
There are three main types of ETP.
● ETF (Listed Investment Trust):
These prices are linked to singular, plural financial assets such as index.
● ETN (Listed Investment Securities):
It takes the form of debt securities.
● ETC (Listed Investment Commodity):
It is similar to ETF, but it works with either a specific commodity or commodity index.
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The Swiss Exchange "SIX Exchange" is a crypt currency ETP based on Ethicalium (Ethereum / ETH) on March 5, 2019
Announced that it began handling "Amun Ethereum (AETH)".
"SIX Exchange"
The virtual currency ETP newly announced has become an ETH based ETP which was supported by Amun, a Swiss startup company,
It is called "Amun Ethereum (AETH)".
The administrative fee for the Ethicalam ETP is 2.5%.
The exchange,
· Bit coin (Bitcoin / BTC)
· Etherium (Ethereum / ETH)
· Light coin (Litecoin / LTC)
· Ripple (Ripple / XRP)
· Bit coin cache (Bitcoin Cash / BCH)
We announced that we plan to list ETPs based on a total of five virtual currencies.
According to the article, the Ethicalam ETP will acquire a market share of 16.7%, and the bit coin is set to occupy about half of the ETP's assets.
Ripple is 24.4%,
The bit coin cache is 5.2%
Light coins are 3%
, But each percentage included in the index is adjusted monthly corresponding to the market share of the relevant virtual currency.
"SIX Exchange" launched "Amun Bitcoin (ABTC)" which is ETP based on bit coin a week ago, so that future ETP linked with other virtual currencies will be released It is considered to be sexual.
Also, CEO of SIX Exchange reveals that it is working on development to launch trading platform utilizing block chain technology within 2019.
Also known as a developed country of virtual currency / block chain
It is still remarkable for the movement of Switzerland.
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It is thought that it is highly likely that institutional investors will gain the trust of the entire crypt currency market because the historical stock exchange will announce the crypt currency converted into ETP one after another.
Besides bit coins and etheriams, the crypt currency listed still seems to remain.
It seems to be one of the information that will draw attention in the future.
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