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Futures News, May 22: With multiple parties continuing to push for US-Iran peace talks, international oil prices have fallen, cost support is weak, end-users are cautious about stockpiling, and downstream operating rates are low. The PX market is expected to remain weak today.Futures News, May 22: Overnight oil prices fell sharply, which negatively impacted the fuel oil market, causing traders to focus on maintaining prices. Market participants lacked confidence in the future, making cautious purchases in small orders, resulting in weak buying activity. It is expected that todays negotiation focus will be lowered accordingly.Yusuf Mehdi, a senior executive at Microsoft (MSFT.O), will leave the company after the next fiscal year.On May 22nd, according to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed lower on Thursday, with the benchmark contract down 0.8%, mainly reflecting a decline in international crude oil futures. Favorable rainfall is expected in the Midwest. However, strong export sales provided some support to the market. Reports about Middle East negotiations led to an early rise in crude oil prices, but they subsequently fell back after news broke that Pakistan had brokered a new peace agreement. According to the latest 72-hour cumulative precipitation map from the National Oceanic and Atmospheric Administration (NOAA), widespread rainfall is expected from Friday to Monday, from the Southern Plains to the Eastern Corn Belt, with estimated rainfall of 1 to 2 inches or more. The latest 8- to 14-day weather forecast shows seasonally rainy weather in the Great Plains and the Western Corn Belt from May 28th to June 3rd, with temperatures likely to be above normal in much of the central United States. Due to a public holiday, the US market will be closed on May 25th (next Monday). Speculative funds are adjusting their positions ahead of the long weekend to mitigate the uncertainties brought about by geopolitical and weather changes during the holiday period.On May 22nd, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed lower on Thursday, with the benchmark contract down 1.1%, mainly reflecting the continued decline in international crude oil futures. Reports indicated that the US and Iran had reached a peace agreement through Pakistani mediation, leading to a drop in international crude oil futures. However, this news has not yet been confirmed. The US Department of Agricultures weekly export sales report showed that for the week ending May 14, 2026, net sales of US soybean oil for the 2025/26 marketing year were 1,000 tons, significantly lower than the previous week and down 22% from the four-week average. The US Environmental Protection Agency (EPA) stated that the number of US bio-based diesel identification numbers (D4RINs) reached 690 million in April, a 5.9% increase month-over-month, indicating that biodiesel and renewable diesel production is still in an expansion phase.

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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