#KCN An exchange-traded product (#ETP) inclusive #BTC and #ETH

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Exchange product (ETP) which includes BTC and ETH starts trading on the Swiss stock exchange Six. According to an article published on The block: “Fintech firm Amun AG and cryptocurrency custodian Bitcoin Suisse AG have partnered to launch the ETP, which will allow Swiss investors to add a basket of BTC and ETH to their portfolios. Currently, the basket composition of the product is 90% of BTC and 10% of ETH. The ETP goes with the ticker symbol ABBA for trading on SIX. “This physically-backed ETP is fully collateralized, which means that for every bitcoin and ether bought for the ETP, there will be an equal corresponding crypto amount stored securely in the Bitcoin Suisse Vault,” said Amun AG”. The news release partner STEX.com.
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Info: https://www.theblockcrypto.com/linked/41884/swiss-six-exchange-lists-bitcoin-and-ether-exchange-traded-product