There are no signs a crypto exchange-traded fund (ETF) will drop in America any time soon. But if the U.S.A. ever embraces crypto ETFs, they’ll undoubtedly have to play catch up with Europe, where willingness to embrace these products is building up steam more quickly.
Such embraces have come into focus once more on the news that Swiss company Amun AG and U.S. investment firm Invesco are bringing new crypto and blockchain-centric exchange-traded products to market at Switzerland’s SIX stock exchange and the London Stock Exchange, respectively.
Amun first made waves in the cryptoverse last fall when it launched its so-called “HODL” crypto basket ETP, a type of ETF, on SIX. That basket, designed for monthly performance rebalances, started out tracking the prices of bitcoin, litecoin, ether, and XRP and has since gone on to enjoy considerable trade volume on the mainstream exchange.
Now, the London-based Amun has confirmed it’s set its eyes on the imminent release of an XRP ETP as SIX has already approved the…