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July 12th - According to Beijing Emergency Management Bureau, the Beijing Flood Control Office announced that the Level I flood control emergency response for Daxing, Tongzhou, Shunyi, and Pinggu districts was lifted at 2 PM on July 12th. The entire city has lifted its flood control emergency response. At 8:30 AM today, the Level I flood control emergency response for Fangshan, Miyun, Huairou, Mentougou, and Fengtai districts was lifted, while the Level II flood control emergency response for Dongcheng, Xicheng, Chaoyang, Haidian, Shijingshan, Changping, and Yanqing districts was lifted.The Ukrainian military says it hit an oil refinery in Russia’s Samara region.According to Irans Tasnim News Agency: The Iranian Foreign Minister spoke with the Pakistani Deputy Foreign Minister to discuss regional developments.July 12th - Affected by Typhoon Bavi (No. 9 of this year) moving northward, heavy to torrential rain is expected in parts of eastern and central Jiangnan, most of Jianghuai, eastern and southern Huanghuai, northeastern and southwestern North China, and eastern and southern Northeast China from July 12th to 14th. Accumulated rainfall is expected to be 40-90 mm, with some areas in central and southern Anhui, northeastern Jiangxi, eastern Zhejiang, eastern and central Liaoning, and eastern Jilin experiencing extremely heavy rain, with accumulated rainfall of 100-180 mm, and locally exceeding 260 mm. The Information Center of the Ministry of Water Resources upgraded its flood warning to yellow at 13:01 on July 12th, 2026, reminding the public in the aforementioned areas to take precautions.According to the Saudi Press Agency, the Jordanian military stated that three missiles launched from Iran landed within the countrys borders, causing no casualties.

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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