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On July 30th, Kingboard Laminates (01888.HK) announced in Hong Kong that it expects to record a net profit of over HK$2.8 billion for the six months ended June 30, 2026, representing an increase of over 200% compared to the same period in 2025. The significant increase in net profit is mainly due to the continued supply shortage of copper-clad laminates and their upstream materials (including electronic glass fiber yarn, electronic glass fiber cloth, and copper foil), leading to a general increase in product unit prices. Sales volume of copper-clad laminates also increased compared to the same period in 2025. Furthermore, the companys strong and well-established vertically integrated business model also contributed to the net profit growth.Bank of England Governor Bailey will hold a monetary policy press conference in ten minutes.On July 30th, Berenberg Bank economist Felix Schmidt stated in a report that the Eurozones strong second-quarter economic growth data is good news for the European Central Bank (ECB), thus there is no need for excessive concern about the economic growth outlook. Eurozone GDP grew by 0.4% quarter-on-quarter in the second quarter, not only better than market expectations but also an improvement from the zero growth in the first quarter. Schmidt noted that PMI surveys indicate a good start to the third quarter for the Eurozone, although future trends will still largely depend on the Iran war and energy price developments. Therefore, the current market focus remains on inflation, and the inflation trend largely depends on whether the US and Iran can reach an agreement. He stated, "If a ceasefire is achieved, the ECB will be able to maintain key interest rates and enable the Eurozone to achieve robust growth in 2026."Mizuho Bank lowered its target price for Meta Platforms (META.O) from $835 to $750.Mizuho Bank raised its price target for Microsoft (MSFT.O) from $490 to $510.

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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