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Switzerland’s SIX Stock Exchange Opens Trading for Amun Ethereum ETP

Switzerland’s largest market operator, SIX Exchange, has launched trading for an exchange-traded product (ETP) based on the price risk of Ethereum (ETH). Called Amun Ethereum ETP (AETH), the offering was proposed earlier by Swiss-based financial products provider Amun AG.

At the end of February, SIX also opened trading for a similar product, Amun Bitcoin ETP.

The concept behind the products is simple – tracking the price of ETH without leverage. The ETP is composed entirely of ETH as an underlying asset, and Amun claims to be keeping the underlying funds in cold storage. However, withdrawals in ETH are not possible, and trading for AETH is dollar-denominated. Amun also claim…

This article appeared first on Cryptovest

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