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July 15th - According to Zhengzhou Customs, Henan Provinces total import and export volume exceeded 500 billion yuan for the first time in history during the first half of this year. In the first half of the year, Henans total import and export volume reached 520.36 billion yuan, a year-on-year increase of 26%. Exports totaled 319.48 billion yuan, up 14.6%; imports totaled 200.88 billion yuan, up 49.8%. This also marks the first time in history that Henans import volume has exceeded 200 billion yuan for the same period.July 15th, Futures News: Recent escalation of geopolitical tensions has restricted navigation across the Taiwan Strait, increasing market concerns about supply prospects and driving up international crude oil prices. The corresponding crude oil change rate is fluctuating upwards, and the current window for retail price adjustments for refined oil products has opened, providing a positive outlook. Currently, domestic wholesale prices for gasoline and diesel are rebounding, with some regions experiencing significant price increases. Some suppliers and traders are holding back sales or controlling supply, further fueling market upward pressure. In the short term, the increase in wholesale prices may exceed the adjustment in retail prices, potentially narrowing the wholesale-retail price gap. Furthermore, limited actual demand from end-users suggests a rise in risk appetite for purchasing at higher prices.Japanese Prime Minister Sanae Takaichi: Food inflation has cooled slightly, but remains high.July 15th - The market widely expects the Bank of Korea to raise interest rates by 25 basis points on Thursday, and the focus has now shifted to signals of further tightening following this rate hike. KB Financial Group analyst Lim Jae-kyun stated that the Bank of Korea may raise rates twice this year, but the probability of another rate hike in October is higher than consecutive hikes in July and August. Hanwha Investment & Securities analyst Kim Sung-soo indicated that this Monetary Policy Committee meeting is likely to have an overall hawkish tone, with key points including whether economic growth forecasts are revised upwards and the wording regarding the pace of further rate hikes. In contrast, NH Investment & Securities analyst Kang Seung-won predicts that the Bank of Korea may not provide a specific timetable for further rate hikes to avoid the side effects of forward guidance.Japanese Prime Minister Sanae Takaichi: I see this as an opportunity to establish a system where the consumption tax rate can be flexibly adjusted.

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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