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On May 14th, US international trade commodity prices rose sharply in April, with import prices (market expectation +1.0%) rising 1.9% month-over-month and export prices (market expectation +1.1%) surging 3.3%. This much-anticipated increase indicates that the ongoing conflict with Iran continues to exert pressure on input costs, a point already reflected in the Feds Beige Book in early April as a compression of corporate profit margins. Core import prices (excluding fuel) had already begun to rise significantly before the Iran conflict, and this months 0.8% increase was the same as in February, but this may already include the secondary impact of rising energy prices. Food and feed prices were also significantly affected by rising oil prices, rising 1.1% in March and then another 0.9% in April. Industrial supplies and raw materials (excluding fuel) rose 1.6%; fuel prices surged 16.3%. Capital goods prices were also worrying, rising 1.1%. Consumer goods rose 0.4%, a relatively moderate increase, but still high; automobile prices fell slightly by 0.1%.On May 14th, executives from over ten well-known American companies accompanied President Trump on his visit to China, including Apple CEO Tim Cook, Nvidia founder and CEO Jensen Huang, Tesla CEO Elon Musk, and Qualcomm President and CEO Cristiano Amon. In an interview, Amon stated that the Chinese economy is dynamic.The SC crude oil futures contract fell 2.00% during the day, currently trading at 617.40 yuan per barrel.The European-Mediterranean Seismological Centre reports a 5.5-magnitude earthquake in the Colombian region.May 14th - Traffic in the Strait of Hormuz has increased this week, but analysts warn that more vessels are turning off their Automatic Identification System (AIS) tracking signals during transit. According to Lloyds List, a shipping publication, tanker owners are preparing for prolonged shipping disruptions as regional risks remain high. Current traffic volume is still far below pre-conflict levels. At that time, approximately 130 vessels carrying about 20% of the worlds oil and gas supply passed through the strait daily.

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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