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On May 1st, US President Trump stated that he wouldnt care if Jerome Powell remained on the Federal Reserve Board of Governors after his term as Chairman ended. Powells term as Chairman expires on May 15th, but his term on the Board runs until 2028, and he indicated his intention to "continue serving as a Governor for an indefinite period." Meanwhile, Kevin Warsh is expected to receive full Senate approval before Powells term ends, and Powells continued tenure could complicate Trumps efforts to reshape the Federal Reserve. When asked if he was prepared to take any action regarding Powells decision to remain on the Board, Trump replied, "No, I dont care if he stays. I just want to make sure Kevin gets the job."Apples earnings call will begin in ten minutes.Apple (AAPL.O) fell more than 1% in after-hours trading.Apple (AAPL.O) reported earnings on Thursday that exceeded Wall Street expectations. Driven by incoming CEO John Turners, strong consumer demand for the new MacBook, while supply constraints hampered iPhone sales. Apples Q2 fiscal 2026 revenue and EPS were $111.18 billion and $2.01, respectively, exceeding analysts expectations of $109.66 billion and $1.95. iPhone sales were $56.99 billion, slightly below the expected $57.21 billion. Apple CEO Tim Cook stated that iPhone sales this quarter were limited by a shortage of high-end processor chips, the "brain" of the devices. "Demand is simply off the charts. And right now the supply chain is definitely a little tight on getting more components," Cook said. The iPhone 17 series and iPhone Air are being developed under the leadership of incoming CEO John Turners, who will succeed Cook in September.Foreign central banks held $6.679 billion in U.S. Treasury securities in the week ending April 24, compared with $23.057 billion in the previous week.

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.

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