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August 2nd - According to an Israeli official, as of August 1st local time, Israel assesses that US President Trump is closer than ever to approving a major military attack on Iran, although the specific plans have not yet been finalized. According to details of the contingency plan disclosed by the official, the US is considering precise and limited strikes against specific Iranian energy facilities. The assessment indicates that the US currently prefers to exclude Israel from the initial phase of the attack. However, Israel believes that a major US attack on Iran could directly trigger Iranian military retaliation, potentially forcing Israel into the conflict and into the fighting. Currently, the Israeli defense apparatus is maintaining a high level of vigilance.Trump posted on Truth Social: Oil exports are surging because of President Trump!August 2nd - On August 1st local time, the European Union announced that it will hold an emergency meeting of EU interior ministers via video conference on August 4th to discuss the migrant crisis in the Spanish enclave of Ceuta and the EUs response. This meeting was proposed by Spain. Spanish Prime Minister Sánchez had previously written to Ireland (the rotating president of the Council of the European Union), European Commission President Ursula von der Leyen, and European Council President Diego Costa, urging the EU to coordinate its response to the current migrant crisis.Former US Vice President Harris: (Regarding the war with Iran) This war is a conflict that the current president, Trump, chose to get involved in. He went to war with Israel, and for the United States, there was no clear national security issue.August 2nd - On August 1st local time, the Turkish Ministry of Energy and Natural Resources announced that the Turkish National Oil Pipeline Company (BOTAŞ) and two Iraqi oil companies had officially signed a one-year crude oil transportation agreement. According to the agreement, Turkey and Iraq will efficiently utilize the oil pipeline, with a daily transport capacity of 750,000 barrels allocated to Iraq. Turkey stated that the pipelines total designed daily capacity is 1.5 million barrels. Previously, during a visit to Turkey, Iraqi Prime Minister Zaidi stated that Turkey would supply 1 million barrels of oil per day.

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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