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August 27 - At the invitation of Zhao Leji, Chairman of the Standing Committee of the National Peoples Congress, Austrian National Council Speaker Rosenkrantz will lead a delegation to China from August 29 to September 4.On August 27th, the Shanghai Securities Regulatory Bureau, the Asset Management Association of China, and other relevant departments held a training course on private equity compliance and policy interpretation in Shanghai for 2026. The training covered topics including: interpretation of the "Implementation Plan for Comprehensive Rectification of Illegal Cross-border Securities, Futures and Fund Operations"; interpretation of the "Guiding Opinions of the General Office of the State Council on Strengthening Supervision, Preventing Risks, and Promoting High-Quality Development of Private Equity Investment Funds"; a brief analysis of illegal and irregular activities in the Shanghai jurisdiction and compliance requirements; common issues and warnings in self-regulatory inspections; key points of securities and futures arbitration rulings; and analysis of private equity fund cases.On August 27th, it was reported that in July 2026, power trading institutions nationwide completed 740.4 billion kWh of electricity transactions, a year-on-year increase of 18.5%. In terms of transaction scope, intra-provincial transactions totaled 549.1 billion kWh, a year-on-year increase of 19.0%; inter-provincial and inter-regional transactions totaled 191.3 billion kWh, a year-on-year increase of 17.2%. In terms of transaction types, medium- and long-term transactions totaled 678.6 billion kWh; spot transactions totaled 61.8 billion kWh. Green electricity transactions totaled 27.7 billion kWh, a year-on-year increase of 2.7%. Power grid companies purchased 87.2 billion kWh through market-based agency services.The main fuel oil futures contract rose by 2.00% intraday, currently trading at 3749.00 yuan/ton.Gold prices rose slightly on Thursday, August 27th, as concerns about currency devaluation persisted and market attention turned to Federal Reserve Chairman Warshs highly anticipated speech this week. Kelvin Wong, senior market analyst at OANDA, stated that the narrative of a depreciating dollar, coupled with concerns about the US budget deficit, continues to support gold in the medium term. The US Treasurys announcement of expanding its purchases of older, long-term bonds triggered dollar devaluation concerns, causing gold prices to rise by more than 5% last week. Wong added, "The market is waiting for Warshs speech to gain a clearer understanding of how the Fed will respond to the current economic situation. If he doesnt provide specific forward-looking monetary policy guidance, then the markets current pricing in interest rate hikes is likely to remain largely unchanged." Geopolitically, the Qatari Prime Minister will visit Tehran to resume diplomatic mediation. The US and Iran have previously exchanged accusations, with the focus of the dispute being Washingtons commitment to increase economic pressure on Tehran through sanctions against Irans trading partners.

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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