SIX Lists XRP-based ETP

Switzerland’s Major Stock Exchange ‘SIX’ Lists XRP-Based ETP

As indicated by its official web portal, Switzerland’s major stock exchange, SIX, has listed a Ripple (XRP)-powered Exchange Traded Product (ETP) today, April 2nd, 2019.

As was reported back in March, the exchange had dependably confirmed that it was planning to list its own product, namely Amun Ripple (AXRP).

Co-founder and CEO of Amun, Hany Rashwan, with regards to the cryptocurrency derivative development company behind AXRP, claimed at the time that this is the first product of its kind on the market –

“We can comfortably say that we anticipate releasing the world’s first XRP ETP within the next two months.”

Moreover, Rashwan also told the media that the firm has also got SIX’s approval for launching four more ETPs for other altcoins, including Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM) and Eos (EOS). In November 2018, SIX also listed the world’s first, as was reported by that time, ETP tracking an index of multiple digital assets, based on Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).

At the beginning of March, the firm had also launched an ETH ETP, and in the mid-February, it listed a BTC-tracking ETP.

As was reported during a dedicated analysis in December last year, those developments are part of a seemingly wider trend, that sees the US being left behind where digital currency ETPs are concerned, as compared to Europe.