Home Business News Amun lists the world’s first Bitcoin Cash ETP on the SIX Swiss Exchange

Amun lists the world’s first Bitcoin Cash ETP on the SIX Swiss Exchange

by LLB Reporter
5th Jul 19 9:21 am

Amun AG, the Swiss fintech aiming to facilitate access to crypto-asset investments, listed today the world’s first ETP (exchange traded product) tracking Bitcoin Cash (ticker ABCH) on SIX, the Swiss stock exchange. The product is seeded by Roger Ver with Bitcoin Cash 25K or $9.9m as of Friday.

Roger Ver, CEO of Bitcoin.com said, “Bitcoin Cash is becoming a game changer in the crypto ecosystem and beyond, and Amun will help solidify its global adoption. We are confident that our investment in the new Amun BCH ETP will set the example and drive more investors to join the growing community which believes in the success of Bitcoin Cash.”

Roger Ver is an early investor in bitcoin-related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom. He now promotes Bitcoin Cash. Bitcoin Cash was created in August 2017 by bitcoin miners and developers concerned with the future of the cryptocurrency and its ability to scale effectively. They have implemented an increased block size in the blockchain to accelerate the verification process of the transactions

Hany Rashwan, Amun Co-Founder and CEO said, “We are delivering our strategy, which is to provide investors with the wider product suite in the crypto-assets space, easily available on one of the most reputable market place, the Swiss Exchange. Thanks to this product, investors can now easily add Bitcoin Cash (BCH) to their portfolio.”

This launch follows the listing in the past nine months of five ETPs, giving investors access to the broadest range of cryptocurrencies globally: the top ten cryptocurrencies with the Amun Bitwise Select 10 Large Cap Crypto Index ETP (KEYS), the top five cryptocurrencies through  Amun Crypto Basket Index ETP (HODL), as well as Bitcoin (ABTC), Ethereum (AETH) and Ripple (AXRP).

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