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At midday closing, most domestic futures contracts rose, with SC crude oil up nearly 6%, fuel oil up over 5%, liquefied petroleum gas (LPG) up nearly 5%, ethylene glycol (EG) up over 4%, and low-sulfur fuel oil (LU), synthetic rubber, and benzene up over 3%. On the downside, polysilicon fell over 4%, eggs, tin, and international copper fell over 1%, and copper and red dates fell nearly 1%.Iranian Revolutionary Guard Deputy Commander-in-Chief Izadi: The enemy has failed to destroy Irans defense capabilities and nuclear industry.On August 18th, Republican Rob Arlett stated that while Trump and Israeli Prime Minister Netanyahu share the same ultimate goal in Gaza, they have significant differences in specific tactics for achieving it. Both leaders agree that Hamas cannot be held responsible for the security, military, or even political affairs of the Gaza Strip, but their disagreement lies in the order of steps. The problem is that Trump believes a phased approach is necessary, gradually de-escalating the situation and disarming, while Netanyahu disagrees, wanting Hamas to completely disarm before Israel takes action. Trumps position is partly driven by considerations of his political legacy. He not only wants a peace agreement in Gaza but also agreements on Iran and other issues. He wants to be remembered as a "peace president." Domestic politics further complicate the positions of both leaders, with Israel facing elections and the US facing midterm elections. However, Netanyahu understands that Trump "holds the initiative" in this relationship.Market news: Japan is considering providing support for tanker reinsurance.Market news: A Russian missile attack in the Kharkiv region of Ukraine has killed 10 people.

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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