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On September 2nd, according to Tianyancha App, IKEA (China) Investment Co., Ltd. recently underwent an industrial and commercial registration change. PER PONTUS HAAKAN ERNTELL stepped down as legal representative, and Song Yingai took over. The company was established in July 2007 with a registered capital of approximately US$840 million. Its business scope includes investment in areas encouraged and permitted by national laws, including the retail industry. It is wholly owned by IHK Holding Limited.September 2nd - European Central Bank (ECB) Governing Council member and Bundesbank President Jean-Claude Nagel stated that the ECB will raise interest rates next week, but he remains cautious about whether further rate hikes will occur. In an interview published Wednesday, Nagel said, "The market currently expects a greater than 95% probability of a rate hike at our September meeting, and I think the market has a fairly accurate assessment of our potential response at this stage." However, Nagel did not commit to any subsequent actions. He stated, "I am cautiously refraining from providing any specific guidance on the policy direction after the September meeting. Oil and gas prices continue to fluctuate, financial markets are highly volatile, and uncertainty is very high. This is a troubling situation – from a monetary policy perspective as well. Inflation is still far from our medium-term target. According to our June forecast, only with higher interest rates can inflation fall back to 2% in the medium term."According to RIA Novosti, a Russian presidential aide said that Putin had no prior plans to hold talks with CIA Director Ratcliffe during his visit to Moscow.On September 2nd, the Iranian Army issued a statement saying that starting in the early hours of the day, as part of the 30th phase of Operation Lightning, the Iranian military deployed dozens of attack drones to strike radar systems and US military bases at the Al Dhafra and Minhad air bases in the United Arab Emirates. The Iranian military also stated that its Arash attack drones launched another large-scale attack on radar facilities and US personnel concentration areas at the Sheikh Issa air base in Bahrain. The Iranian military stated that this operation was a response to US attacks on "innocent civilians" and accused the US of committing "obvious war crimes" by attacking residential areas and wedding scenes. The Iranian military emphasized that the response to these actions would be "continuous, widespread, and large-scale."Euro Stoxx 50 futures fell 0.36%, German DAX futures fell 0.46%, and UK FTSE 100 futures fell 0.37%.

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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