Bitcoin Suisse and Amun launch with ABBA is an exchange-traded product that tracks the prices of Bitcoin and Ethereum. ABBA is quoted in CHF – a novelty.By Christopher clover
4. October 2019BTC$8.125,80 -1.82%part Facebook Twitter LinkedIn xing mail
A new exchange-traded product (ETP) provides crypto-prying confederates the opportunity to participate on the SIX Swiss exchange on the crypto-market. The ETP with the acronym "ABBA" was developed by Bitcoin Suisse and the crypto-Tracker development company Amun. This is from a press release, the BTC-ECHO is present.
ABBA followed the courses of the two largest crypto-currencies, Bitcoin and Ether. The current weighting is 90% BTC, 10% ETH. In this, ABBA is the first crypto-listed ETP of this type in Swiss francs.
Bitcoin Suisse stands for the physical securing of the Basket responsible. This is done via the Storage-as-a-Service solution Bitcoin Suisse Vault.
The launch of a dedicated ETP is for Bitcoin Suisse, however, uncharted territory:
[display] buy Bitcoin with the Bitwala account. Why have a Bank account with Bitwala? A Bank account is “Made in Germany” with protection of deposits up to 100,000 euros; 24/7 Bitcoin trading with faster liquidity; trading only ‘real’ Bitcoin has no financial derivatives such as CFDs; Secure users of lift-off control of the Bitcoin Wallet and the private key; With the contactless Debit Mastercard worldwide, and pay.
We are pleased to bring our first exchange-traded product, as a part of our constantly growing service portfolio on the market. Together with Amun, we share the Aspiration to realise ground-breaking innovations in the crypto-Finance industry,
Now open a free live account
Lothar Cerjak Head of Institutional Services & Products at Bitcoin Suisse commented.Bitcoin-Switzerland
Amun-co-founder and CEO Any Rashwan means the first CHF-traded crypto-ETP in particular, a further strengthening of the Blockchain-site in Switzerland:
For investors, this is a unique opportunity for the world's two most important crypto currencies in a regulated, on the SIX Swiss Exchange-listed and Switzerland deposited product in your Portfolio. This product illustrates the leading Position of Switzerland in the crypto area, which allows us to develop, in close cooperation with the stock exchange and the authorities regulated and most interesting financial products of institutional quality.
While Bitcoin Suisse assumes the safe custody of crypto-deposits, takes Amun, the Emission of the ETP through its platform "Onyx". With the crypto-ETP HODL Onyx had launched the first crypto-ETP Switzerland – also on the stock exchange SIX.
This opens up to, meanwhile, apparently for Bitcoin & co. in addition to the listing of crypto-ETPs is not worked on for a SIX only to a CHF-Stable-Coin; with SIX Digital Exchange SIX also has a subsidiary that focuses primarily on the future of Token-Economy.