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US President Trump posted a picture on social media with the caption: "The governments initial $8.9 billion investment in Intel (INTC.O) is now worth more than $51 billion."Hong Kong-listed tech stocks continued their decline, with Meituan (03690.HK) falling over 7%, SenseTime (00020.HK) and Kingdee International (00268.HK) down 5%, Baidu (09888.HK) down 3.8%, Bilibili (09626.HK) down 3.6%, and JD.com (09618.HK), Alibaba (09988.HK), and Tencent Holdings (00700.HK) all falling over 3%.Futures Market News, May 28th: 1. Jiangsu Jingshen Chemicals soda ash plant began maintenance on May 15th, expected to last half a month. Prices are stable, with light soda ash quoted at 1250 yuan/ton ex-factory. 2. Hubei Shuanghuans soda ash plant is running again. Prices are stable, with light soda ash quoted at 1180-1200 yuan/ton. 3. Zhongyan Anhui Hongsifangs soda ash plant began maintenance on May 15th, expected to last one month. 4. Taiwan Glass Group Shilian Chemical (Jiangsu) Co., Ltd.s soda ash plant is undergoing maintenance, starting May 7th, expected to last one month. 5. Inner Mongolia Boyuan Yingen Chemicals 7.8 million tons/year soda ash plant is operating at reduced capacity. Currently, the ex-factory price of qualified light soda ash is 820 yuan/ton. 6. Tangshan Sanyous 2.3 million tons/year soda ash plant is operating at 70% capacity. 7. Guangdong Nanfang Alkali Industrys 600,000 tons/year soda ash plant is operating at 60-70% capacity. 8. Tianjin Alkali Plants 800,000-ton/year soda ash unit is operating at reduced capacity. The current ex-factory price of light soda ash is 1,300 yuan/ton, and transactions are negotiable.On May 28th, NIO CEO William Li mentioned during a media Q&A session about the NIO ES9 that the prices of raw materials, including nickel, cobalt, and lithium carbonate, have risen this year, increasing the cost of a single vehicle by more than 10,000 yuan. Li noted that the impact of commodities and memory chips on the automotive industry extends beyond the automotive sector to other, more rapidly growing and lucrative industries, leaving automakers with little bargaining power. He added that memory chip prices have not yet decreased after this years rise, and the increased costs from raw materials are unlikely to decrease in the short term; these costs will have to be absorbed by the companies themselves.The yield on Japans 20-year government bond rose 2.0 basis points to 3.615%.

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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