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Switzerland sets precedent with world's first cryptocurrency ETP

21 days ago   |   By The Next Web

We told you cryptocurrency-based exchange traded funds were coming. Switzerland's leading stock exchange has given the go-ahead for the world's first cryptocurrency ETP, the Financial Times reports. The ETP is called the “Amun Crypto exchange traded product ” and will be trading from next week on the “Six” exchange in Zurich. The Amun Crypto ETP will track an index made up of five leading cryptocurrencies including: Bitcoin, XRP, Ethereum, Bitcoin Cash, and Litecoin. Each of these coins will be weighted at 49.7 percent, 25.4 percent, 16.7 percent, 5.2 percent, and 3 percent, respectively...
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