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According to Futures News on April 20, as of 8:30 AM Beijing time, spot platinum rose 0.49% and spot palladium rose 0.31%.On April 20th, Viva Energy Group announced that its Geelong refinery will ramp up production of diesel, jet fuel, and petrol to 90% of full capacity in the coming weeks, following a major fire that forced it to reduce output. The company stated that its inventory is sufficient to offset the production drop and that it does not expect to impact customers.On April 20, Zheng Shanjie, Secretary of the Party Leadership Group and Director of the National Development and Reform Commission, published an article in the Peoples Daily entitled "Continuously Enhancing National Economic Security Capabilities to Safeguard the New Development Pattern with a New Security Framework." The article states that it is necessary to improve mechanisms for countering sanctions, interference, and "long-arm jurisdiction" to prevent and counter extreme external containment and suppression. It also emphasizes strengthening trade risk prevention and control, improving export control and security review mechanisms, and protecting the rights and interests of foreign investors in accordance with the law. Furthermore, it stresses adhering to the principle of "not going to dangerous areas, not going to chaotic areas, and not investing in dangerous industries," continuously strengthening the protection of overseas interests and risk prevention and control, establishing and improving coordination mechanisms for regional security work, improving the security guarantee system for the Belt and Road Initiative, and effectively safeguarding the safety and legitimate rights and interests of Chinese citizens, organizations, and institutions overseas.Dutch near-month natural gas contracts rose more than 8% to €42.05 per megawatt-hour.SK Hynix: Begins production of SOCAMM2 chips designed specifically for NVIDIA Vera Rubin chips.

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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