EUR/USD 1.15238
-0.009%
Gold 4319.21
0.012%
Oil 92.006
3.904%
USD/JPY 160.301
0.077%
GBP/USD 1.33350
-0.016%
GBP/JPY 213.765
0.060%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On Monday, June 8, the Hong Kong Hang Seng Index opened down 379.04 points, or 1.52%, at 24,582.91; the Hang Seng Tech Index opened down 118.7 points, or 2.43%, at 4,769.69; the H-share Index opened down 139.72 points, or 1.66%, at 8,296.91; and the Red Chip Index opened down 50.02 points, or 1.15%, at 4,303.35.Hang Seng Index futures opened 1.66% lower at 24,476 points, a discount of 486 points.The most active palladium futures contract fell 4.00% intraday, currently trading at 292.90 yuan/gram. The most active platinum futures contract fell more than 4.00% intraday, currently trading at 443.50 yuan/gram.The main contract for the container shipping index (European route) has extended its intraday gains to 3.00%, currently trading at 3778.0 points.June 8th Futures News: According to JLC Networks calculations, as of the second working day of June 8th, the change rate was -2.24%, with the average price of reference oil types at $92.93/barrel. Domestic gasoline and diesel prices should be reduced by 130 yuan/ton. The price adjustment window for this round is at 24:00 on June 18th. 1. Shandong Local Refineries: Over the weekend, traders opted for lower prices, leading to improved sales of gasoline and diesel at local refineries. Furthermore, the opening price of international crude oil rose, providing a positive boost. It is expected that the price of refined oil products in Shandong will rise by around 30 yuan/ton today. 2. East China: After a decline in crude oil prices on Monday, prices opened higher today, but news is uncertain. It is expected that the price of refined oil products from major oil companies in East China will remain within a narrow range today, with ample discounts for actual transactions. Traders are cautious with their immediate needs, resulting in a sluggish trading atmosphere. 3. South China: On Monday, international crude oil prices opened higher, and news caused significant volatility. It is expected that the price of gasoline and diesel products from major oil companies in South China will remain within a narrow range today, with downstream end-users purchasing only as needed, resulting in a sluggish trading atmosphere. 4. North China: International oil prices opened higher today after falling on Monday. With uncertain news direction, gasoline and diesel prices in North China are expected to fluctuate within a stable range. Favorable weather in the region this week will provide some support for gasoline and diesel demand, with downstream operators maintaining cautious operations based on immediate needs. 5. Central China: Crude oil prices fell on Monday, and news pointed to a bearish outlook. Gasoline and diesel prices in Central China are expected to be under pressure today. Demand is flat, with operators mostly maintaining immediate needs, resulting in sluggish trading.

Carbon Neutral Bitcoin and Ethereum ETPs Listed on Swiss Exchange

Cory Russell

Apr 12, 2022 10:43

The two new ETPs on SIX are Bitcoin Zero (BTCO2) and Ether Zero (ETH2O).


The ETPs are the product of a campaign known as "Crypto becomes carbon neutral."


The debut took place at a time when the stock market was in free collapse.


While the crypto market and the stock market are two distinct things, investors can't seem to get enough of both. As a consequence, we are seeing the emergence of Exchange Traded Products (ETPs) (ETPs).


People desire something more sustainable even inside these ETPs, and carbon-neutral ETPs have been designed to meet that need.

Crypto Becomes Carbon Neutral

The influence of crypto on the environment has been a long-debated matter, with no clear answer in sight.


To put a stop to this, the European Union nearly outright outlawed proof of work, but the majority of members voted against it, saving Bitcoin, Ethereum, and other (PoW) cryptocurrencies.


Other businesses, on the other hand, are still attempting to become carbon-neutral, as did an ETP provider for the stock market.


In collaboration with the Swiss FinTech Innovation Lab of the Institute for Banking and Finance at the University of Zurich, Helveteq, a Swiss issuer of ESG-transparent investment products, launched the research-based project "Crypto becomes carbon neutral."


The two ETPs, Bitcoin Zero (BTCO2) and Ether Zero (ETHZ), were born from it (ETH2O).


"It is time to give investors the first carbon neutral crypto ETPs from a Swiss issuer," Dr. Christian Katz, the CEO of Helveteq, said. The relationship between the environment and the blockchain economy is becoming more widely recognized, and we must all work together to create long-term solutions."


These ETPs will be added to SIX's pool of 240 other investment products.

Perhaps Now Isn't the Best Time?

The introduction of the ETPs, which was announced today, was not the best timing given the current state of the crypto market. The market has lost more than $122 billion in total, forming a 6.25 percent long red candle.


However, even before today, the overall market capitalization had fallen below $2 trillion, and is at $1.841 trillion. As a result, there's a significant likelihood that this will have a detrimental impact on the launch of these ETPs.

Suggestion