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On September 6, the foreign ministers of the Kingdom of Saudi Arabia, the Hashemite Kingdom of Jordan, the United Arab Emirates, the Republic of Indonesia, the Islamic Republic of Pakistan, the Republic of Turkey, the State of Qatar, and the Arab Republic of Egypt issued a joint statement strongly condemning the remarks made by Israeli National Security Minister Itamar Ben-Gwell and Israeli Defense Minister Israel Katz regarding the expulsion of the Palestinian people from the Gaza Strip, including proposals for plans and mechanisms aimed at forcibly removing Palestinians from their homes. Such inflammatory rhetoric and proposals blatantly violate principles of international law, including international humanitarian law, and pose a direct threat to the legitimate and inalienable rights of the Palestinian people. The Gaza Strip is an integral part of the occupied Palestinian territory, and the unity of the Palestinian land must be maintained.On September 6th, China Export & Credit Insurance Corporation (SINOSURE) announced that the Ministry of Finance will inject RMB 10 billion into the company. This capital injection will be carried out steadily in accordance with market-oriented and rule-of-law principles, fully reflecting the positive outlook for the financial industry. Supporting SINOSURE in replenishing its core tier-one capital will help the company improve its risk solvency ratio, enhance its ability to fulfill its obligations as an insurer, further expand the coverage of export credit insurance, effectively ensure medium- and long-term financial sustainability, improve the resilience of its operating cash flow, and support the company in better fulfilling its policy-oriented functions and serving the real economy.On September 6, the Export-Import Bank of China announced that the Ministry of Finance will inject RMB 30 billion into the bank, effectively consolidating its capital base, strengthening its sustainable development capabilities, significantly enhancing its ability to provide funds for serving the real economy and opening up to the outside world, and improving its risk prevention and control resilience. This will provide a solid guarantee for better fulfilling its policy-oriented financial responsibilities and missions and serving major national strategies.The U.S. National Hurricane Center: Marie is expected to begin weakening later today.Turkish Vice President Yilmaz: We expect to create 2.1 million new jobs by the end of 2029 and reduce the unemployment rate to below 8%.

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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