Altcoin News: ETP on the XRP Token Launched on the Swiss Stock Exchange

April 2, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Amun AG has announced the launch of the traded exchange-traded product (ETP) linked to the price of the XRP token on the Swiss Stock Exchange (SIX).

The new product received the AXRP symbol and became the fourth ETP launched by Amun AG at the SIX exchange. The first was the cryptocurrency index HODL, which tracks the price of the five largest cryptocurrencies, which appeared in November last year. After that, the company launched ETP based on Bitcoin.

The head of Amun AG, Hany Rashwan, stressed that his goal is to make investing in cryptocurrency as easy as buying stocks.

“ We seek to create an easy, safe, and regulated way for investors to access the crypto asset class. We plan on launching other strategies, more single asset ETPs, and more indices! We are planning on having 6–8 additional launches this year ” said Rashvan.

The head of the company said that Amun AG will continue to add ETP, tied to cryptocurrency assets, as long as there are cryptocurrencies that have “sufficient liquidity and a good development team without signs of illegal activity.”

Note that earlier this year representatives of Amun AG said that in addition to XRP, they received permission to launch four more cryptocurrency ETPs. Then he talked about the coins BCH, LTC, XLM, and EOS, so that the ETP on the SIX exchange for these assets, most likely, will appear before the end of the year.

Author: Marko Vidrih