SIX Swiss Exchange Lists XRP ETP

SIX Swiss Exchange recently listed an XRP-based Exchange Traded Product (ETP) on April 2, dubbed Amun XRP (AXRP). Developed by Amun AG, USD is the fund and trading currency of AXRP and the management fee is 2.5%. 

This is not the first time that Amun AG launches crypto derivatives. The company launched an Ethereum (ETH) ETP in March and Bitcoin (BTC) tracking ETP in February 2019. Back in November 2018, Amun AG introduced Amun Crypto Basket ETP (HODL), which is an index tracking five popular cryptocurrencies with Bitcoin accounts for 48%.  

Hany Rashwan, Co-founder and CEO of Amun AG remarks that the company has received approval of SIX Swiss exchange on four more crypto ETPs, including Bitcoin Cash (BCH), Litecoin (LTC), Stellar Lumens (XLM) and EOS. 

Noted that ETP is not subject to Collective Investment Act (CISA) and is not under the oversight of the Swiss Financial Market Supervision Authority (FINMA). 

Investor now can enjoy one of the regulated financial environments in the world to invest in cryptocurrency with the most qualified and experienced custodians held in cold storage.