While all eyes are still glued to the Securities and Exchange Commission in the United States to give a verdict on the first Bitcoin ETF, the Swiss regulators have just raced ahead. According to the latest updates coming from Switzerland, the main stock exchange has given a green light to the world’s first exchange-traded product tracking multiple cryptocurrencies. As the BTC prices hit the lowest point for the year, Swiss regulators took the opportunity to bring some cheer to the market as they announced the world’s first cryptocurrency-based exchange-traded product. The Amun Crypto ETP, which will start trading next week on the SIX exchange in Zurich, has been designed to track an index based on the movements of five leading cryptocurrencies. The ETP has been set up in a way where just under half of the ETP’s assets will be invested in bitcoin with the remainder divided between XRP (25.4 per cent), Ethereum (16.7 per cent), bitcoin cash (5.2 per cent) and Litecoin (3 per ce...
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