The stock exchange of Switzerland Six Exchange launched at the end of November the first cryptoactive company listed on the stock market, known by the acronym ETP. The agency, located in Zurich, assumes considerable risk taking into account the current downward trend of the digital assets ecosystem.
To understand the concept of the ETP it is important to clarify that it is a product that is quoted on the stock exchange and which value derives from the comparison with others as investment vehicles.
It can be currencies, raw materials or cryptocurrencies and the value is established based on the assets that it owns and operates in intraday terms. The latter term refers to the purchase or sale of securities in the course of a single day.
On the launch of the ETP in Switzerland it was possible to know that the Amun Crypto Basket stock index offers connection to the four cryptocoins with greater liquidity by capitalization: that is, bitcoin, litecoin, ethereum and ripple.
Lars Seier Christensen, president of Concordium Network and the Concordium Foundation, has stated: “The advantage is that they are simple, passive, relatively cheap, hopefully managed by people who know more than us and often [are] covered by a guarantee that can make them more secure. The manager’s objective is to attract assets for which they charge an annual fee “.
M.Pino
Source: Investing.com
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