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June 27th - According to the Washington Post, the U.S. government will scrutinize companies seeking to use the latest technology from ChatGPT developer OpenAI, marking a significant expansion of the Trump administrations regulatory efforts in Silicon Valley. OpenAI announced its latest AI model, GPT-5.6 (named Sol), in a blog post on Friday. The post stated that the government will first approve who can use the new version, while AI companies and the government will jointly develop a long-term regulatory plan for the industry. The company explicitly stated that they are cautious about further federal regulation. OpenAI noted, "We believe that this government approval process should not become the long-term default mode. It will prevent users, developers, businesses, cybersecurity defenders, and global partners who truly need these tools from accessing the best tools."Market news: Trump is about to deliver a speech.Israeli Ambassador to the United States: The trilateral framework is performance-oriented.On June 27th, Baker Hughes reported that U.S. energy companies added the most drilling rigs in a single week since June 2022, according to a report released Friday. The total number of oil and gas drilling rigs, an early indicator of future production, increased by 10 in the week ending June 26th, marking the largest weekly increase in four years. The total number of drilling rigs reached 573, the highest level since May 2025. Baker Hughes stated that this weeks increase brought the total number of drilling rigs to 26 compared to the same period last year, a 5% increase. The company said that the number of oil drilling rigs increased by 7 this week, reaching 440, the highest level since June 2025. Natural gas drilling rigs increased by 3, reaching 125, while the number of other types of drilling rigs remained at 8.Market news: The Democratic Republic of Congo reports that the number of confirmed Ebola cases has risen to 1,203, including 321 deaths.

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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