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Jefferies: Raises its price target for Apple (AAPL.O) to $308.92 from $299.88.On July 27, a Yemeni government naval official said that a naval patrol boat was attacked by Houthi rebels in the Red Sea off western Yemen that day, and three people on board were missing. The official, who declined to be named, said the patrol boat was returning from a military mission when it was attacked by armed men on several small boats near Zugayal Island. The patrol boat was destroyed, and the three people on board went missing. The official said the attack was carried out by the Houthis, but provided no evidence. The Houthis have not yet issued any statement or comment on the incident. The Yemeni government forces previously stated that they thwarted an attempt by several Houthi armed vessels to approach Zugayal Island. Zugayal Island is strategically important, located approximately 52 nautical miles (96 kilometers) from the Yemeni Red Sea port city of Hodeidah.On July 27, President Xi Jinping spoke by phone with Brazilian President Lula da Silva at the latters request. Xi emphasized that, facing new circumstances and challenges, China and Brazil, as important members of the BRICS South, should firmly stand on the side of historical righteousness and the progress of civilization, and play a greater constructive role in reforming and improving the global governance system and upholding international fairness and justice. Both sides should work together to promote high-quality development of BRICS cooperation, accurately grasp the direction of cooperation, maintain the momentum of unity, achieve more fruitful results, and write a new chapter of unity and self-reliance in the BRICS South. China highly values Brazils international status and important influence, supports Brazil in safeguarding its sovereignty and independence, opposes external interference, and will contribute to maintaining regional and global peace and stability.JPMorgan Chase raised its price target for Lockheed Martin (LMT.N) from $605 to $620.Daiwa Capital Markets lowered its price target for Tesla (TSLA.O) from $395 to $345.

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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