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April 22 – The Third High-Level Meeting of the Global Forum on Shared Development Actions was held in Beijing. Wang Yi, Member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Foreign Affairs Commission, attended the opening ceremony and delivered a speech. Wang Yi emphasized that China is willing to work with all parties to leverage the implementation of global development initiatives as a platform to pool broad development resources, build a solid foundation for development, adhere to the path of peaceful development, create an open development environment, and continuously move towards the lofty goal of building a community with a shared future for mankind. China will take proactive measures, deepen cooperation, and always act as a promoter and contributor to global development, working with all parties to create a new landscape for global development through pragmatic actions.On April 22nd, Kuaishou (01024.HK) announced at its 618 Merchant Conference that its 618 promotion will launch in early May, divided into five phases: pre-sale period, opening day, themed days, category days, and closing day, lasting until mid-to-late June. During this promotion, the platform will utilize AI intelligent models to assist merchants in diagnosing operational issues and providing targeted business guidance.Kazakhstans Energy Minister: Kazakhstan does not intend to reduce oil production due to the suspension of exports to Germany.The yield on Japans 30-year government bonds rose 2.5 basis points to 3.580%.On April 22, the Ministry of Finance of the Peoples Republic of China issued RMB 15.5 billion of 2026 treasury bonds through a public tender to institutional investors in Hong Kong. The issuance was well-received, with an oversubscription rate of 4.6 times. The bonds included: RMB 5 billion in 2-year bonds with an interest rate of 1.32%; RMB 5 billion in 3-year bonds with an interest rate of 1.36%; RMB 4.5 billion in 5-year bonds with an interest rate of 1.50%; and RMB 1 billion in 15-year bonds with an interest rate of 2.08%.

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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