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The CEO of Rivian (RIVN.O), an American electric vehicle company, said the company is considering producing lidar sensors for its autonomous vehicles.Futures News, May 6th - According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed lower on Tuesday, with the benchmark contract down 1.2%, mainly reflecting the rapid progress of corn planting and a decline in international crude oil futures. Crude oil prices fell on Tuesday after a ship flying the US flag, under the protection of the US military, passed through the Strait of Hormuz, offering some comfort to investors, although Mondays military incident highlighted ongoing shipping disruptions. The volatility in international crude oil prices, influenced by the Middle East conflict, also impacted the grain market, as corn and soybean oil are widely used in biofuel production. As of May 3rd, US corn planting progress was 38%, compared to 25% last week, 38% at the same time last year, and a five-year average of 34%. Corn emergence rate was 13%, compared to 7% last week, 10% at the same time last year, and a five-year average of 9%.Futures News, May 6th - According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed higher on Tuesday, with the benchmark contract rising 0.5%, mainly reflecting active oil-meal arbitrage trading. Traders said that active arbitrage trading involving buying soybean oil and selling soybean meal boosted soybean oil prices. However, international crude oil futures fell.May 6 - According to a report by the Islamic Republic of Iran Broadcasting (IRNA) early on May 6, a fire broke out at a shopping mall in Andisha, Shahriar, Tehran province, on May 5, resulting in at least 8 deaths and 36 injuries.South Koreas April CPI rose 2.6% year-on-year, in line with expectations and down from 2.20% previously.

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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