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A spokesperson for the Qatari Ministry of Foreign Affairs stated that the US sanctions against Iran are unilateral, and Qatar supports efforts to resolve the issue through mediation.A joint statement from the Israel Defense Forces and the Security Directorate stated that they attacked and destroyed five Hamas weapons storage facilities and one rocket launch site in the Gaza Strip.On August 25th, a new restriction was added to the investment scope of wealth management funds: investment in non-standard consumer loan assets is prohibited. "We have received a notice from our superiors saying that investment in non-standard consumer finance assets is no longer allowed," said an investment manager at a city commercial banks wealth management company. "Currently, no new investments are allowed; existing assets will naturally mature," another investment manager at a joint-stock banks wealth management company confirmed. Several industry insiders stated that the investigation of a loan facilitation platform in the first half of this year necessitates a reassessment of the risks associated with non-standard consumer loan assets. Others indicated that similar requirements existed at the beginning of the year and have been implemented for some time. However, this investment restriction does not mean a complete ban on consumer finance assets within the wealth management industry. Related information shows that consumer loan ABS is currently unaffected and not included in the investment restrictions.Market news: Thai officials say the US Navy aircraft carrier USS Abraham Lincoln will dock in Thailand next week, after being deployed to the war zone with Iran.A power outage occurred at the Shimkent oil refinery in Kazakhstan, but production was not affected.

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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