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May 20th - According to the Wall Street Journal, sources familiar with the matter revealed that Goldman Sachs is expected to be the lead underwriter for SpaceXs initial public offering (IPO). Morgan Stanley is also one of the lead underwriters for the IPO, but Goldman Sachs is expected to be listed first on the prospectus, which could be released as early as Wednesday. This arrangement is surprising given Musks close relationship with Morgan Stanley. Other banks leading the deal include Bank of America, Citigroup, and JPMorgan Chase.Sources say that Stellar (STLA.N) and Dongfeng plan to form a European joint venture, with Stellar holding a 51% stake. Stellar plans to manufacture Voyah electric vehicles for Dongfeng at its French factory.According to the Wall Street Journal, Goldman Sachs (GS.N) will serve as the lead underwriter for SpaceXs initial public offering.ZTO Express (02057.HK) reported first-quarter revenue of RMB 13.28 billion, a year-on-year increase of 22%. It projects its express delivery volume to grow by 10% to 13% year-on-year in 2026, reaching between 42.37 billion and 43.52 billion pieces.May 20 (AP) -- The U.S. Senate on Tuesday advanced a bill aimed at forcing President Trump to withdraw troops from the war with Iran. Since Trump ordered the attack on Iran in late February, Democrats have repeatedly pushed for a war powers resolution, demanding that Trump either obtain congressional approval to continue the war or withdraw troops. Republicans had previously been able to gather enough votes to reject these proposals, but Louisiana Senator Bill Cassidy (whom Trump supported in the recent primaries) cast the crucial vote, allowing the bill to move forward.

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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