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Iranian Deputy Foreign Minister: (Refuting former Israeli Prime Minister Bennetts claim that Irans military power has been dismantled) To deal with this Iran, the United States needs to launch the "largest financial attack in history" and mobilize "all American institutions and departments"? Is this a victory or a bitter admission of defeat?Ukrainian President Zelensky: We do not ask the United States to protect us, we only hope that they will provide us with the supplies we need to defend ourselves.On August 24th, Hauke Siemssen, interest rate strategist at Commerzbank, stated in a report that the bond market remains fragile due to persistently high oil prices and escalating fiscal concerns. "Global bond markets remain risky, with yield curves across all maturities testing multi-year highs." While the market consolidation this morning was encouraging, a sustained market reversal appears unlikely at present, as there are no easy solutions to the fundamental factors driving the current trend. Siemssen anticipates that this weeks US PCE inflation data and policy signals from the annual Jackson Hole symposium will provide new guidance for the market, and these data and the meeting "should be closely watched."On August 24th, Swissquote strategist Ipek Ozkardeskaya stated that the U.S. Treasurys purchase of bonds to suppress yields could prevent the market from fully pricing in inflation and fiscal risks, and could also limit the markets ability to fully react to the Federal Reserves policy decisions. Therefore, this could increase the difficulty for the Fed to pull inflation back to near its 2% target, which is precisely what Fed Chairman Warsh might want to avoid. She added that Warsh "doesnt want to look like a fool in front of the world." Ozkardeskaya indicated that this weeks Jackson Hole meeting may further clarify how the Fed will integrate with the governments policy plans.French Finance Minister: Reiterates that the government will do everything possible to get as close as possible to the 5% deficit target.

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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