Key Insights:
- Bitcoin Zero (BTCO2) and Ether Zero (ETH2O) are the two new ETPs on SIX.
- The Exchange Traded Products result from an initiative called “Crypto goes carbon neutral.”
- The launch came at a time when the market was falling headfirst.
The crypto market and the stock market while they are two different entities, but investors cannot get enough of both of them. As a result, we see the appearance of such Exchange Traded Products (ETPs).
But even within these ETPs, people want something more sustainable, and carbon-neutral ETPs have been developed to deliver on that.
Crypto Goes Carbon Neutral
The impact crypto has on the environment has been a long-debated topic, and the solution to the same is yet to come.
In fact, in order to put an end to this, the European Union almost banned proof of work entirely, but the majority voted against it, which saved the existence of Bitcoin, Ethereum, and other (PoW) cryptocurrencies.
However, other chains continue trying to establish themselves as carbon-neutral, an ETP provider did it for the stock market.
Helveteq, a Swiss issuer of ESG-transparent investment products, in cooperation with the Swiss FinTech Innovation Lab of the Institute for Banking and Finance at the University of Zurich, launched the research-based initiative called “Crypto goes carbon neutral”.
And from it came the two ETPs, Bitcoin Zero (BTCO2) and Ether Zero (ETH2O).
Iterating on the same, the CEO at Helveteq, Dr. Christian Katz, stated,
“It is time to offer investors the first carbon neutral crypto ETPs by a Swiss issuer. Awareness of the link between the environment and the blockchain economy is rising fast and we all must work together to find sustainable solutions.”
These ETPs will join the bucket of 240 other investment products available on SIX.
But even before today, the total market capitalization fell under $2 trillion and currently stands at $1.841 trillion. Thus, there is a good chance that this may negatively affect the launch of these ETPs.
