EUR/USD 1.16970
0.172%
Gold 4492.77
-0.665%
Oil 85.946
2.025%
USD/JPY 158.487
0.213%
GBP/USD 1.36326
0.201%
GBP/JPY 216.064
0.427%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Statoil, the Norwegian state-owned oil company, has reached an agreement to sell crude oil to Orlen in Poland. The agreement covers the sale of crude oil to Orlens refineries in Poland, Lithuania, and the Czech Republic. The agreement will begin in early September and last for three years, increasing the annual supply from 5 million tons to over 9 million tons.Hong Kongs composite CPI rose 1.7% year-on-year in July, in line with expectations and down from 2.00% in the previous month.Hong Kongs three-month unemployment rate in July was 3.7%, in line with expectations and down from 3.70% previously.On August 20th, the Organization of the Petroleum Exporting Countries (OPEC) stated that global natural gas demand is projected to exceed 91 million barrels of oil equivalent per day by 2050, an increase of over 19 million barrels of oil equivalent compared to 2025. OPEC noted that natural gas will further solidify its long-term position in the global primary energy mix, largely replacing coal and supporting intermittent renewable energy in the power generation sector. Demand growth will primarily come from non-OECD regions, driven by factors including natural gas power generation, increased gas consumption in the petrochemical industry, and increased demand from the residential sector. Meanwhile, OECD natural gas demand is expected to plateau, declining slightly after 2040 due to improved energy efficiency and stricter emission policies.Taiwans current account balance for the second quarter was US$58.49 billion, compared to US$62.53 billion in the previous quarter.

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