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The Federal Reserve will release the minutes of its monetary policy meeting in ten minutes.Market news: The United States plans to halve tariffs on Canadian steel and aluminum in a trade agreement.On August 20th, US President Trump told reporters at the White House on the 19th that negotiations with Iran might resume "at some point," but Iran must completely abandon its nuclear weapons. When asked if the US would return to negotiations, Trump said, "Maybe at some point. But right now, I think the situation is very good." He then added, "The logic is simple, they have to completely give it up," and "Iran must never have nuclear weapons." Trump reiterated that the US "owns" and "completely controls" the Strait of Hormuz, and stated that Irans "occasionally launching drones does cause trouble."On August 20, Iraqi Prime Minister Zaidi, President Amidi, and Speaker of Parliament Khalbsi met separately in Baghdad on August 19 with visiting Iranian Islamic Parliament Speaker Qalibaf to exchange views on issues such as consolidating bilateral relations and easing regional tensions.On August 20th, Fxstreet analyzed that market expectations for interest rate hikes have declined significantly since the Federal Reserves July meeting. According to the CME FedWatch Tool, the market currently expects a 34% probability of a 25 basis point rate hike in September, down from about 60% three weeks ago; meanwhile, maintaining the current interest rate has become the clear benchmark scenario for the market. Against this backdrop, the key question facing the dollar is: were the three dissenting votes at the July meeting merely the hawkish stance of individual officials, or did they reflect a broader hawkish tendency within the FOMC? If the meeting minutes show that some officials who voted to maintain the current interest rate actually believed that the Fed might soon need to further tighten monetary policy, then expectations for a September rate hike could resurface. In this scenario, both US Treasury yields and the dollar could find support. However, the market reaction may still be relatively limited. Meeting minutes have a lag, and data released since the meeting has already changed the economic situation. Therefore, before the September meeting, investors may pay closer attention to upcoming US economic data and Warshs speech at the Jackson Hole Economic Symposium to reassess the Feds monetary policy outlook.

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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