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The Federal Reserve accepted a total of $223 million from six counterparties in its fixed-rate reverse repurchase operations.ECB Governing Council member Eskeriva: We have not seen a significant change in inflation expectations.April 16 (Reuters) – Four sources said European Central Bank policymakers are cautious about raising interest rates as early as this month, as they have not yet seen conclusive evidence that energy-driven inflationary shocks are spreading to broader sectors or becoming entrenched. The sources said a “second wave” of inflation is still possible, and policy tightening remains on the agenda, but concrete evidence is needed before action can be taken. One source said, “Long-term inflation expectations have not risen, domestic inflation is slowing, and rising gasoline prices are squeezing disposable income, which is effectively limiting businesses’ ability to raise prices.” The source added, “I can’t tell you what we’ll do on April 30, but as of now, I haven’t seen any evidence to support a rate hike.” The sources also said the relatively weak labor market limits workers’ room to demand higher wages. Currently, the market estimates only a one-in-five chance of a rate hike in April, but has fully priced in a June hike and expects another rate hike in the fall.According to the Wall Street Journal, the White House and the U.S. military released an audio warning to ships, informing them not to breach the blockade of Iranian ports and coastal areas. In a maritime radio call, a U.S. military officer stated that any vessel attempting to enter or leave Iranian ports would be boarded, intercepted, and detained.On April 16th, sources revealed that the U.S. Commodity Futures Trading Commission (CFTC) is investigating a series of crude oil futures trades with "unusually precise timing" preceding Trumps shift in policy regarding war with Iran. The CFTC is leading the investigation into crude oil futures trading on the CME Group and Intercontinental Exchange platforms and has requested data from both exchanges, including the so-called "Tag 50" identifier used to identify trading entities. On March 23rd, billions of dollars worth of crude oil and stock index futures were traded 15 minutes before Trump announced a postponement of his previously threatened strikes against Iranian energy infrastructure. Trumps subsequent statement caused a plunge in oil prices and a sharp rise in the stock market. A similar situation occurred on April 7th before Trump announced a two-week ceasefire agreement with Iran. Hours before the announcement, futures trading activity increased, and the subsequent news triggered a drop in oil and natural gas prices.

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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