Amun Ethereum (AETH) Exchange-Traded Product Officially Launches by SIX Swiss Exchange


In the United States, much of the attention on exchange-traded products have been based around Bitcoin, but they have not managed to find approval yet. However, the SIX Swiss Exchange decided to bring something else to the table – an Ethereum-based exchange-traded product. This new product has officially launched on the primary stock exchange of Switzerland on March 5th, according to the SIX Group’s website.

Amun Ethereum (AETH) ETP Lising on SIX Swiss Exchange. Source:  SIX Group

(Source: SIX Group)

The new product is supported by Amun AG, a startup in Switzerland. When the ETP is traded, it will be under the index AETH, and there will be a 2.5% management fee.

The intention to launch this type of product was originally made public in November 2018. Overall, this is just the first of several exchange-traded products that the company plans to launch. There are presently plans in the works for Bitcoin, Ripple, Bitcoin, and Litecoin.

Based on the information provided through the SIX Group’s announcement it looks like the Ethereum ETP is meant to acquire a 16.7% market share, and the Bitcoin ETP is for about half of the assets of the ETP. When Ripple’s ETP comes it, its role will be to take on a market cap of 24.4%, while Bitcoin Cash and Litecoin take on 5.2% and 3% of the market, respectively.

SIX is presently working on a pilot to see how functional blockchain technology could be, were it integrated to their SDX digital trading platform. The platform is still in the developing stage and is not meant to be launched until towards the end of this year. A more certain launch date will be settled by late summer. However, the final say on the date is by the Financial Market Supervisory Authority, which regulates the Swiss market.

https://bitcoinexchangeguide.com/todays-coin-price-watch-btc-eth-xrp-and-bch-cryptocurrency-chart-predictions/

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