New Listing

Amun launches bitcoin and ether ETP

Tom Eckett

a man in a suit

Amun has teamed-up with Bitcoin Suisse, the crypto financial services firm, to launch a bitcoin and ether ETP.

The Amun Bitcoin Suisse BTC/ETH ETP (ABBA) is listed on the SIX Swiss Exchange with a total expense ratio (TER) of 2.5%. It is the first crypto ETP to be denominated in Swiss francs.

ABBA is made-up of approximately 90% bitcoin and 10% ether, whose combined market cap gives investors exposure to more than 75% of the overall crypto market.

The ETP is physically-backed meaning every coin bought will have an equal corresponding crypto amount stored in the Bitcoin Swiss Vault.

This launch represents a shift in strategy from Amun, who had previously only offered their products to institutional investors.

Amun and Bitwise partner to launch Crypto Select 10 ETP

Lothar Cerjak, head of institutional services and products at Bitcoin Suisse, commented: “We are excited to launch our first ETP, part of our continually expanding range of services.”

Hany Rashwan (pictured), co-founder and CEO of Amun, added: “ABBA was designed for the Swiss by the Swiss to answer a need for a CHF denominated ETP.

“It represents a unique way for investors to add the two major cryptocurrencies globally to their portfolio via a regulated product listed on SIX and backed by a Swiss-based custodian.

“This product further exemplifies Switzerland’s leading position in the crypto space, where Amun is able to work closely with the exchange and authorities to create regulated, compelling, and institutional-grade financial products.”

The crypto ETP provider has launched a number of products since entering the Swiss market this year including the Amun Ripple XRP ETP (AXRP) in April and the Amun Bitcoin Cash ETP (ABCH) in July.

Featured in this article

ETFs

No ETFs to show.

RELATED ARTICLES