Swiss SIX Exchange To List XRP ETP

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The main stock exchange in Switzerland is the SIX Exchange which could soon be listing another cryptocurrency-based exchange-traded product which will keep on top of the price of the third largest digital currency, XRP. The co-founder and CEO of the Swiss firm Amun AG, Hany Rashwan spoke to CoinDesk in a recent interview and said that his firm had received approval from SIX to issue the XRP-linked ETP (AXRP). Speaking with CoinDesk, Rashwan said, “we can comfortably say that we expect to release the world’s first XRP ETP within the next two months.” Aside from XRP, Rashwan said that Amun has also obtained clearance to issue ETPs linked to four more single crypto assets. This includes Litecoin, Stellar Lumens, EOS and Bitcoin Cash. There is no confirmation on the exact time to launch these products but it will be based on buyer interest, he said the firm plans to list all eligible and approved crypto ETPs on SIX by the end of the year. The SIX exchange-listed its first ETP that tracks a basket of the top-weighted crypto assets in November 2018. That product was issued by Amun for retail and institutional investors under the name ‘HODL’. Ever since it was listed, the total monthly trading volume for HODL has taken over that of XETC and ETP that tracks crude oil and became the top traded ETP on SIX in December and January. As written by CoinDesk: “In the past few weeks, Amun has also issued bitcoin and ethereum ETPs…
Source: Swiss SIX Exchange To List XRP ETP

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