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The yield on Japans 5-year government bond rose 2.0 basis points to 1.940%.July 6th - SMBC Nikko Securities economist Yoshimasa Maruyama stated that the Bank of Japans first-quarter output gap estimate showed a stable positive trend, which is conducive to pushing inflation higher. He pointed out that this data can be seen as a reason to support further interest rate hikes. However, he added that the positive output gap has not widened, indicating that there is currently no urgent need to accelerate the pace of monetary tightening. "If a faster pace or larger magnitude of interest rate hikes is needed in the future, it may stem from the lagged but significant transmission effect of inflationary pressures caused by the situation in the Middle East, or from rising inflation expectations," he said.The South Korean government will expedite the construction of the chip factory project in Yongin.On July 6th, Citigroup issued a research report stating that Geely Automobile (00175.HK) has been included in its "Pan-Asia Focus List" due to the breakthrough sales performance of its premium brand Zeekr, strong export momentum, and more attractive risk-reward ratio compared to its peers. The bank maintains a "Buy" rating on Geely with a target price of HK$30 and an expected dividend yield of 4%.July 6th - On the morning of July 6th, the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) held a meeting of its cadres. The meeting announced the decision of the Shanghai Municipal Party Committee regarding the adjustment of the SASACs principal leadership: Comrade Zhou Xiaoquan was appointed Secretary of the CPC Shanghai Municipal SASAC Committee, and his appointment as Director of the Shanghai Municipal SASAC was approved.

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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