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Crypto Exchange-Traded Product to Launch on Swiss Stock Exchange

Published 11/19/2018, 08:40 AM
Updated 11/19/2018, 10:15 AM
© Reuters.

Switzerland is to see the launch of the first ever exchange-traded product (ETP) tracking multiple cryptocurrencies.

As reported in the The Financial Times on Saturday, the country's principle stock exchange, Six, has given the go ahead for the ETP, which is called the Amun Crypto ETP and will go by the ticker symbol "HODL." Trading will start on the Zurich-based stock exchange next week, the FT says.

According to the website of London-based Amun, the ETP will track an index "the top 5 crypto assets in terms of market cap and liquidity" which are currently allocated as: bitcoin (48.69 percent), XRP (25.72 percent), ethereum (17.6 percent), bitcoin cash (5.11 percent) and litecoin (2.88 percent).

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