EUR/USD 1.14882
0.020%
Gold 4367.61
-0.204%
Oil 92.833
-2.761%
USD/JPY 157.245
0.331%
GBP/USD 1.33950
0.011%
GBP/JPY 210.638
0.343%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US Treasury Secretary Bessenter: We are taking steps to prevent parties from providing support to Iran.US Treasury Secretary Bessant: Starting September 23, all Iranian airlines will cease operations worldwide.Futures Market Summary | Monday, September 21st, CCTV News Highlights: 1. The Political Bureau of the CPC Central Committee held a meeting to discuss documents to be submitted to the Fifth Plenary Session of the 20th CPC Central Committee for deliberation. General Secretary Xi Jinping presided over the meeting. 2. Xi Jinping will pay a state visit to the United States. 3. Xi Jinping replied to a letter from students of 10 American universities. 4. Wang Huning met with the Chairman of the Indonesian Peoples Consultative Assembly. 5. Ding Xuexiang received a delegation of Hong Kong and Macao youth flag-raising teams participating in the "Salute to the National Flag" event. 6. Han Zheng met with the Speaker of the Australian Federal Parliament. 7. China-US trade consultations were held in New York. 8. Zhang Youxia and Liu Zhenli were expelled from the Party and the military for serious violations of discipline and law. 9. Strengthening the sense of community and kinship among all Chinese people. 10. my country is accelerating the establishment of a modern grain circulation system. 11. This year, my country has built over 2,500 kilometers of new main oil and gas pipelines. 12. The State Council Information Office held a press conference for Chinese and foreign journalists entitled "Striving Individuals on the New Journey." 13. The Chinese team won 12 gold medals in a single day. 14. The "15th Five-Year Plan for the Construction of the Public Cultural Service System" was released. 15. The Supreme Peoples Court issued a judicial interpretation on the intersection of civil and criminal law. 16. Five departments rectified the problem of falsifying ecological and environmental monitoring data. 17. The State Administration for Market Regulation conducted a special inspection of mooncakes, and the overall safety situation was stable. 18. The 23rd China-ASEAN Expo closed today. 19. The 8th APEC Ministerial Meeting on Human Resources Development achieved several important results. 20. Commemorative activities for the 2026 International Day of Peace opened in Wuhan. 21. CCTV released a list of new audiovisual products related to agriculture, rural areas, and farmers. 22. Preliminary results of the Russian State Duma elections were announced, with the ruling United Russia party winning more than half the votes. Russia claimed that Ukraine launched a large-scale attack to interfere with the Russian elections and would intensify its attacks on the Ukrainian capital. 23. The US president stated that the Houthi rebels in Yemen agreed not to fight the US. 24. The ruling Christian Democratic Union (CDU) party in Germany suffered losses in two state elections. 25. Typhoon Dujuan caused flight cancellations in many parts of Japan. 26. Wildfires spread in Boyacá province, central Colombia.U.S. Treasury Secretary Bessenter: (When asked about Iran) It is impossible to predict how long the conflict will last.A spokesperson for the Iranian Revolutionary Guard stated: "The world has not yet witnessed the power and accuracy of our new weapons. We have acquired information on some new enemy targets that have not yet been attacked, and we will strike these targets if we are attacked."

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.

Suggestion