The BTCO2 and ETH2O ETPs aim to provide investors with exposure to the world’s two most valued cryptocurrencies while offsetting their carbon footprints.
The Six Swiss Exchange has established two new carbon-neutral cryptocurrency exchange-traded products (ETPs), increasing the total number of crypto ETPs to 155.
On Monday, the SIX Swiss Exchange announced that Helveteq would launch two new crypto ETPs, Bitcoin (Bitcoin Zero / BTCO2) and Ethereum (Ether Zero / ETH2O), becoming the third crypto ETP issuer to join SIX in 2022.
An ETP is a financial derivative that trades on assets such as commodities, currencies, share prices, or interest rates. The BTCO2 and ETH2O ETPs aim to provide investors with exposure to the world’s two most valued cryptocurrencies while offsetting their carbon footprints. They are part of Helveteq’s “crypto goes carbon neutral” initiative, which is being co-led with the Swiss fintech innovation lab at the University of Zurich.
While commenting on the recent listing, Christian Katz, CEO of Helveteq, said that it is critical to supply carbon-neutral crypto ETPs. He also stated:
“Awareness of the link between the environment and the blockchain economy is rising fast and we all must work together to find sustainable solutions. That’s why Helveteq sponsors and cooperates with the University of Zurich for research in this field, based on which we compensate the carbon footprint of our Zero ETP family.”
Since the world’s first crypto ETP was established on the Swiss SIX Exchange in December 2018, several more have been developed. The platform’s first ETP, the Amun Crypto Basket ETP (HODL), which tracks five major cryptocurrencies, was introduced in 2018.
SIX unveiled the BTCetc Bitcoin ETP (BTCE) trading on January 13, giving investors a new method to obtain exposure to the world’s most valuable cryptocurrency. The platform allows users to access 240 cryptocurrency-based items. The platform’s trade volume for crypto-related items increased 673 percent in 2021, according to the release.