Zug-based startup Amun has received the green light to list its cryptocurrency exchange-traded product (ETP) on SIX Swiss Exchange.

According to the company’s official website, the product will trade under the ticker “HODL5.” It will give investors access to a “diversified market-cap weighted and automatically re-balancing basket of the top five crypto assets” by market valuation and liquidity. Each cryptocurrency will acquire a certain market share within the fund, with Bitcoin (BTC) currently accounting for 48.69% of the portfolio. The rest will be divided in fractions, with 25.72% in Ripple (XRP), 17.6% in Ethereum (ETH), 5.11% in Bitcoin Cash (BCH), and 2.88% in Litecoin (LTC). The allocations will be rebalanced “monthly to ensure an accurate representation of the current crypto market.”

Amun further explained that …

This article appeared first on Cryptovest

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