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July 29th - UK government bond yields rose as renewed fighting between the US and Iran led to higher oil prices and heightened inflation concerns. On Tuesday, Iran launched a missile attack on US forces in Jordan; simultaneously, US and Saudi forces launched strikes against Iranian-backed militias in Iraq. As a result, Tradeweb data shows that the yield on 10-year UK government bonds rose 1.2 basis points to 4.969%. Investors are currently awaiting the Federal Reserves interest rate decision later today, as well as the Bank of Englands interest rate decision on Thursday.On July 29th, Commerzbank economist Antje Praefcke stated in a report that the dollar could fall if the Federal Reserve prompts the market to reduce its expectations for a rate hike later this year. A Fed statement or Fed Chairman Warshs press conference might suggest that the bank believes inflation risks are manageable and temporary. Given the recent decline in energy prices and lower-than-expected June inflation data, Warsh is unlikely to adopt an extremely "tightening" stance in support of policy tightening. Therefore, upward pressure on the dollar driven by rising rate hike expectations is also unlikely.July 29th - Gina Kim, Emerging Markets Equity Portfolio Manager at Nordea Asset Management in Singapore: Given that the core argument remains valid, the current sell-off in the South Korean stock market appears to have irrational, panic-driven elements, primarily concentrated in AI-related technology stocks. Some of the sell-off can be reasonably explained – for example, risk aversion ahead of the summer holidays, margin requirements, and recent news reports regarding the sustainability of AI capital expenditures. We have reduced some of our larger technology stock holdings due to single-stock limitations rather than fundamental reasons.On Wednesday, July 29, the Shanghai Gold Exchanges gold T+D contract closed down 0.08% at 881.8 yuan/gram; the Shanghai Gold Exchanges silver T+D contract closed up 1.5% at 14219.0 yuan/kilogram.On July 29th, in response to reports that it planned to raise 2 billion to 3 billion yuan in its first round of external financing, OceanBase stated that the company is fully committed to data technology and product innovation in the AI era and will continue to maintain open communication with the capital market. However, OceanBase did not provide further details regarding the financing scale, the investment institutions it is in talks with, or specific progress.

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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