SIX exchanges, Switzerland’s largest inventory alternate hit the brand new announcement of launching an exchange-traded product (ETP) based mostly on XRP. Accordingly, this may allow the alternate to monitor the value of XRP, the third largest cryptocurrency which is at present buying and selling on the worth zero.31 towards US greenback.
The course of shall be related to the value monitoring of Bitcoin (BTC) and Ethereum (ETH) – the information was confirmed by Amun AG which is a Swiss crypto firm. Reportedly, Amun AG is already managing an inventory of varied cryptocurrencies on SIX exchanges and finally acquired SIX’s approval to launch ETPs for different cryptocurrencies together with Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM) and EOS.
According to Monday’s announcement, the XRP ETP shall be traded beneath ticker AXRP similar to ETH beneath the ticker image AETH and BTC beneath ABTC respectively.
Excited to share what we have been up to @AmunAG: protected, simple, regulated ETPs to put money into an index of cryptos, Bitcoin, Ethereum, and (quickly) Ripple.
This is as well as to our efforts to tokenize our personal ETFs in addition to supply issuers a platform to do the identical. More particulars on TC. https://t.co/lWV9ysBP2f
— Hany Rashwan (@hany) March 11, 2019
Concerning the same regards, Hany Rashwan, the co-founder and CEO of Amun AG says;
“We can comfortably say that we expect to release the world’s first XRP ETP within the next two months.”
However, the very first ETP of SIX platforms was launched beneath the ticker identify in HOLD in November 2019. As for now, the SIX is world’s first alternate debuting multi-crypto- based mostly ETP beneath HODL ticker by Amun Crypto Basket ETP – consequently, the index will monitor costs for BTC, XRP, ETH, BCH, and LTC.
At press time, the third largest cryptocurrency is barely down with 1.31 % over the previous 24 hours, counting the typical buying and selling quantity $12,870,494,137. In particular, one XRP towards US greenback is valued $zero.31 as on March 11, 2019.