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On September 18th, Trump joked to hunters and fishing enthusiasts in the White House Rose Garden that he could have "banned fishing" and "completely bankrupted" the CEO of outdoor retail giant Bass Pro Shops if he wanted to. "The power of that position is simply astounding!" he said. "I think I would have done it... just for a day or two, until he called me and said, Please, Mr. President, please."Reserve Bank of Australia Governor Bullock: Navigating an environment of persistently high oil prices.US President Trump: (Regarding Iran) I think we will ultimately win. I dont know if there will be a deal, but we are already winning. I think we will ultimately win.Artificial Intelligence: 1. OpenAI launches a new AI model for law firms. 2. Xiaohongshu releases Cura, an AI assistant for business creators. 3. US media: OpenAI is close to solving another "Millennium Prize problem". 4. Huawei releases a new computing architecture: turning millions of processors into a single computer. Other: 1. my country successfully launches 25 low-orbit satellites for its satellite internet. 2. According to Nikkei: Japan and the US are in talks regarding the construction of a chip factory, part of a $550 billion investment negotiation. 3. Huaweis Wang Tao: The Ascend 960 chip will be released ahead of schedule in Q1 2027. 4. Huang Renxun: Nvidias chip sales next year will be double this years. 5. Insiders: Huaweis exclusive stores will split in January next year, with some operating independently and others selling in a mixed manner. Japans nationwide unadjusted CPI rose 0.1% month-on-month in August, down from 0.4% in the previous month.

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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