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Switzerland’s largest stock exchange, SIX Swiss Exchange Lau...

Switzerland’s largest stock exchange, SIX Swiss Exchange Launches Ethereum-Backed ETP

Switzerland’s largest stock exchange, SIX Swiss Exchange, has just launched an Ethereum-backed exchange-traded product (ETP). The news was announced on the company’s website today 5th March.

This comes one week after SIX Swiss announced the launch of its Bitcoin-backed ETP. Both ETPs will have a management fee of  2.5 percent. Sponsored by crypto startup Amun AG, the ETPs will trade under the ticker symbols AETH and ABTC, respectively.

SIX Group’s Ethereum ETP was first announced in November 2018, with SIX Swiss Exchange revealing that it will list five cryptocurrency-based ETPs, including Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum.

Ethereum ETP is set to acquire a market share of 16.7 percent, while Bitcoin is set to account for around half of the ETP’s assets. Ripple, now the third-top cryptocurrency, will acquire a market cap of 24.4 percent, while Bitcoin Cash and Litecoin are set to account for 5.2 and 3 percent of the market, respectively.

SIX Swiss Exchange Digital trading platform SDX launching later in 2019

Recently SIX setting up testing for blockchain integration in its upcoming parallel digital trading platform SDX, which will be launched in the second half of 2019.

The finalization of the launch date of the new platform is expected in late summer, with the exact date remaining subject to legal and regulatory clarification with the Financial Market Supervisory Authority, the Swiss market regulator.

In November 2018, SIX Swiss Exchange launched the first crypto ETP product (ticker: HODL) which tracked five of the largest crypto assets including bitcoin, XRP, ether, bitcoin cash, and litecoin.

Hany Rashwan, CEO and co-founder of Amun AG, said:

“with both HODL for the index and ABTC/AETH for the single coin, we have given investors around the world access to this innovative and exciting asset class through a regulated exchange and the traditional financial market. We also plan to launch more products across multiple geographies.”


Cryptocurrency investor, researcher and writer

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