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The yield on German 2-year government bonds continued to rise, currently up 7 basis points to 2.72%, the highest level since June 11.Market pricing indicates that expectations for a European Central Bank rate hike have been revised upwards, with a 25 basis point increase now fully priced in before September.U.S. Treasury Department: The United States has imposed sanctions on Cuba.July 13 – Switzerland and the UK have reached an agreement on a revised free trade agreement, further strengthening ties between Western Europes two largest non-EU economies. The two countries announced the conclusion of negotiations on Monday, more than three years after they began. Building on the financial services agreement signed in 2023, the agreement aims to facilitate cross-border business operations for companies in sectors such as finance, technology, pharmaceuticals, and legal services. UK Business and Trade Secretary Peter Kehl and Swiss Federal President and Minister of Economic Affairs Guy Palmer jointly signed the agreement in Bern, emphasizing that enhanced data sharing and improved labor mobility will help attract investment from both countries. The UK stated that bilateral trade between the UK and Switzerland exceeded £50 billion (approximately US$67 billion) last year, with about £30 billion coming from trade in goods. Under the agreement, improved market access and reduced administrative barriers are expected to increase bilateral trade in services by £5.2 billion annually in the long term.July 13th - According to a CNBC report, industry analysts say that Chinese electric vehicle (EV) companies have surpassed American automakers in overseas investment. Data from the Atlas Institute for Public Policy, a US think tank, shows that between 2019 and 2025, Chinese companies announced nearly $101 billion in overseas investment in electric vehicle and battery projects, while US automakers similar overseas investment plans totaled only about $38 billion during the same period, making the former about 2.7 times the latter. Industry data shows that Chinese brands currently account for 80% of new electric vehicle sales in the Latin American market. In developed markets such as Europe and Australia, the growth momentum of Chinese brand electric vehicles is also very strong.

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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