World's first Bitcoin Cash ETP gets listed on SIX Swiss stock exchange

07 Jul, 2019
by David Borman
Adoption
World's first Bitcoin Cash ETP gets listed on SIX Swiss stock exchange

It has just been reported by Be In Crypto that for the first time ever an Exchange Traded Product (ETP) based upon Bitcoin Cash (BCH) and offered by Amun AG, will be listed on the SIX Swiss stock exchange. This comes just a week after launching a "10 Select Large Cap Crypto Index."

The BCH ETP, said to be funder by Roger Ver himself, will be worth around $10,000,000 based on current market rates. Because it is being listed on SIX, it will be available to all those who are eligible for the exchange. There are limitations, such as barring users from the US.

Recently, SIX saw the launch of the "Bitwise 10 Select Large Cap Crypto Index." This index is based upon the top 10 largest cap coins on the market now. This is the first ETP from SIX or any market to be based upon BCH alone.

To this development, Roger Ver had the following to say:

"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."

This is of course an exciting step forward for Bitcoin Cash, and may well expose the coin to a larger institutional and retail audience. Will this lead to a pump in the price? Stick with Chepicap for all updates on Bitcoin Cash!

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