Swiss Stock Exchange Lists XRP-based Exchange Traded Product

By Emily Rys | April 4, 2019
Swiss Stock Exchange Lists XRP-based Exchange Traded Product

Switzerland’s principal stock exchange, the SIX Swiss Exchange, has just listed a Ripple-based (XRP) Exchange Traded Product (ETP), which began trading on April 2.

This is, however, not the first such crypto product SIX has listed. The product is by Amun AG, a Swiss crypto firm, which also listed an Ethereum-based ETP on SIX earlier last month that began trading on March 5.

Amun listed the world’s supposedly first crypto index on SIX last November. The index tracks multiple crypto assets based on Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

Last month, Amun reportedly told crypto media that the company also has SIX’s approval to launch an ETP each for Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), and EOS.

While such exchange-traded offerings can be considered part of a broader trend taking shape in Europe, the US trails its regional counterpart. It has not reached clarity on or approved any exchange-traded funds (ETFs) to date. Around the same time as SIX’s latest ETP listing, The Crypto Sight reported (Apr 1) that the US Securities Exchange Commission (SEC) has delayed its consideration to amend the Securities Act, which will pave the way for Bitcoin ETFs to be allowed.

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