Amun Lists Inverse Bitcoin ETP on SIX
- The company is now managing 11 cryptos ETPs listed across multiple exchanges.
Amun AG, a crypto investment instrument provider, has listed a new Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term inverse exchange-traded product (ETP) on Swiss Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term SIX.
Unlike traditional ETP, inverse products allow traders to short on the prices of the underlying asset, meaning they can earn profits as the price of Bitcoin goes down. Moreover, the inverse ETP is reset at the end of each day, and the performance is not rolled over to the next day which makes it ideal to capture short term price movements of Bitcoin
Dubbed 21Shares Short Bitcoin ETP, the product will allow investors to book profits from Bitcoin’s price movement in both directions.
Commenting on the new product, Hany Rashwan, CEO of Amun, said: “We have worked hard to be in a position to launch the first inverse Bitcoin ETP on a regulated trading venue here in Switzerland. Amun offers an existing suite of long investment products for a variety of crypto assets, however, the one missing puzzle was to deliver a product to capitalize on negative price movements.”
To the traders of the instrument, the platform will also charge a management fee of 2.5 percent on each trade.
Providing a range of ETPs
The Swiss fintech company has become a giant on crypto ETPs. With the latest addition, its portfolio has 11 products that are tied to multiple digital assets, including Bitcoin, Etherum, and even Binance Coin. However, all other products are long ETPs.
While most of Amun’s ETPs are listed on SIX, it also has products listed on BX Swiss as well.
“Our platform is now near complete and marks an important step towards the introduction of derivative products in conventional ETP form for the still nascent crypto market and I am proud that the Amun team continues to pioneer innovation and bring new investor-friendly institutional grade products to the market,” Rashwan added.
Amun AG, a crypto investment instrument provider, has listed a new Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term inverse exchange-traded product (ETP) on Swiss Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term SIX.
Unlike traditional ETP, inverse products allow traders to short on the prices of the underlying asset, meaning they can earn profits as the price of Bitcoin goes down. Moreover, the inverse ETP is reset at the end of each day, and the performance is not rolled over to the next day which makes it ideal to capture short term price movements of Bitcoin
Dubbed 21Shares Short Bitcoin ETP, the product will allow investors to book profits from Bitcoin’s price movement in both directions.
Commenting on the new product, Hany Rashwan, CEO of Amun, said: “We have worked hard to be in a position to launch the first inverse Bitcoin ETP on a regulated trading venue here in Switzerland. Amun offers an existing suite of long investment products for a variety of crypto assets, however, the one missing puzzle was to deliver a product to capitalize on negative price movements.”
To the traders of the instrument, the platform will also charge a management fee of 2.5 percent on each trade.
Providing a range of ETPs
The Swiss fintech company has become a giant on crypto ETPs. With the latest addition, its portfolio has 11 products that are tied to multiple digital assets, including Bitcoin, Etherum, and even Binance Coin. However, all other products are long ETPs.
While most of Amun’s ETPs are listed on SIX, it also has products listed on BX Swiss as well.
“Our platform is now near complete and marks an important step towards the introduction of derivative products in conventional ETP form for the still nascent crypto market and I am proud that the Amun team continues to pioneer innovation and bring new investor-friendly institutional grade products to the market,” Rashwan added.