EUR/USD 1.15549
-0.053%
Gold 4335.81
-0.186%
Oil 78.574
3.021%
USD/JPY 158.784
0.779%
GBP/USD 1.34990
0.013%
GBP/JPY 214.347
0.792%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 10th, Yum China Holdings, Inc. (09987.HK) announced that for the six months ended June 30, 2026, system sales increased by 5% year-on-year (excluding the impact of foreign currency translation), with total revenue of US$6.4 billion, up 11% year-on-year, and same-store sales up 1% year-on-year. Operating profit was US$795 million, up 13% year-on-year; net profit (Yum China Holdings, Inc.) was US$553 million, compared to US$507 million in the same period last year; diluted earnings per share were US$1.57, up 16% year-on-year. During the period, a net increase of 1,196 stores was recorded, a 105% increase compared to the same period last year, bringing the total number of stores to 19,297, of which franchised stores accounted for 18%.Apple (AAPL.O) shares fell 1.3% in pre-market trading after Jefferies downgraded the company from "hold" to "underperform" and lowered its target price from $285.56 to $263.66.Jefferies downgraded Apple (AAPL.O) from "Hold" to "Underweight"; lowered its price target from $285.56 to $263.66.On August 10, the Peoples Bank of China issued the "15th Five-Year Plan for Reform and Development of the Peoples Bank of China." The plan calls for the continued construction of an open, inclusive, dynamic, and resilient modern financial market. It also aims to improve the multi-category, multi-tiered financial market system, further enrich financial market formats, and better leverage the functions of the financial market. Furthermore, it emphasizes strengthening the institutional framework of the financial market and maintaining its stable operation.Meta Platforms (META.O): Will build a completely private mode for personal intelligent agents, where even META itself cannot access user information.

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