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On June 16th, Futures News reported that the US and Iran reached an agreement to end the Middle East conflict, causing European and American crude oil futures settlement prices to fall to their lowest levels since March 4th. As of the crude oil close on June 15th, the domestic gasoline crack spread was 900.69 yuan/ton, an increase of 151.22 yuan/ton compared to the previous day, while the diesel crack spread was 762.05 yuan/ton, an increase of 159.04 yuan/ton compared to the previous day. The decline in international crude oil costs has limited the decline in the gasoline and diesel market, leading to a continued strengthening of the gasoline and diesel crack spread. However, current demand for gasoline and diesel lacks support, and prices are being dragged down by the decline in crude oil prices, which may limit the rebound potential of the gasoline and diesel crack spread.The June ZEW economic sentiment index for Germany and the Eurozone will be released in ten minutes.June 16th - On June 16th, with the successful loading of the last platform onto a ship in Binhai New Area, Tianjin, the onshore construction of all platforms for the Bozhong 26-6 oilfield development project (Phase II), the worlds largest metamorphic oilfield, was completed, laying the foundation for the oilfields timely commissioning. Located in the central Bohai Sea, the Bozhong 26-6 oilfields reservoir lies in Archean buried hill metamorphic rock strata at a depth exceeding 4,500 meters. It is the worlds largest metamorphic oilfield, with proven oil and gas geological reserves exceeding 200 million cubic meters. The Phase I development project officially commenced production in February of last year. The Phase II project will construct two new wellhead platforms offshore, consisting of jackets and upper modules. The two wellhead platforms completed this time will achieve unmanned operation.European Investment Bank President: Will not run for the position of President of the European Central Bank.According to Interfax news agency, Russian oil giant Tatneft has implemented fuel sales restrictions at all gas stations in Russia.

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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