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Barclays (BCS.N) announced a total of £2.3 billion in capital allocation to shareholders.Barclays (BCS.N): Raised its 2026 group revenue target to approximately £31.5 billion. Remains committed and confident in achieving all financial and capital allocation targets for 2026 and 2028.Barclays (BCS.N): Second-quarter revenue of £8.34 billion, pre-tax profit of £3.25 billion, and earnings per share of £0.167.July 28 – According to Al Jazeera, the Iraqi Islamic Resistance Group denied launching drone attacks targeting oil facilities in Saudi Arabia, after Saudi Arabia accused an “Iranian-backed militia” of carrying out the attacks on Monday. In a statement, the group said, “This accusation only reinforces our belief that hostility towards Iraq and its people is inherent to the Saudi regime. These fabricated claims are nothing more than an attempt to find excuses for its inability to respond to attacks on the heart of its infrastructure in Yemen.” The group warned that any foolish actions by Saudi Arabia would be met with a severe response and called for the lifting of the “unjust blockade imposed on the Yemeni people.”On July 28th, Brendan Murphy, Head of North American Fixed Income at Insight Investment, stated in a report that investors might consider increasing their exposure to the front end of the US Treasury yield curve. Murphy explained that the asset management firm expects the Federal Reserve to maintain interest rates for an extended period, and the next eventual rate adjustment is likely to be a rate cut. He said, "Therefore, now may be a good time to consider fixed income allocations, including increasing exposure to the front end of the yield curve." However, the prolonged conflict in Iran will increase market uncertainty, and there is also the possibility of dissenting votes at Wednesdays Fed meeting. Murphy noted that the Fed has consistently maintained that "ignoring" the impact of energy price shocks is the best strategy, unless a "second-round effect" emerges and becomes deeply entrenched, or long-term inflation expectations become de-anchored.

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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