Popularly known Swiss fintech company, Amun AG aiming to provide access to crypto asset investments, reported on Friday, July 5 that it has listed its first exchange-traded product (ETP) tracking the performance of bitcoin cash (BCH). Founded in 1850, Six offers traders securities including Swiss government bonds and other derivatives like stock options.
Cryptocurrencies Now Open To Institutional Investors
Crypto tracking tools exchanged on established equity exchange platforms allow institutional level and retail investors to gain access to cryptocurrencies. Investors can now invest in bitcoin cash (BCH) with an exchange-traded product in one of the popularly known and advanced markets in the world. Under the ticker ABCH, bitcoin cash is the sixth Amun crypto asset tracker listed on the Swiss stock exchange Six.
BCH ETP Fully Dominated By USD
With a 2.5% annual investor fees which include custody, insurance, and balancing, Amun bitcoin cash ETP is fully collateralized as a product that is mostly dominated in US dollars. This new crypto investment instrument was seeded by Roger Ver with 25,000 BCH which is worth above $10 million today.
Amun was established in 2018 and has its headquarters in Zurich. It is led by an experienced professional in the management industry and employed institutional level security and custody arrangements with safety measures which include a multiplicity of private key system and cold storage of underlying assets.
“As Bitcoin Cash is becoming a game changer in the crypto space and beyond, I believe Amun has the credential to carry out our objective, global adoption of Bitcoin Cash. We are confident that our investment in the new Amun BCH ETP will set the example and drive more investors to join the growing community whibelievesefs in the success of Bitcoin Cash,”
Five Other ETPs Within The Last 9 Months
This news comes after the Swiss exchange has reportedly listed five other ETPs to trade on Six within the last nine months.