Switzerland’s principal stock exchange, SIX Swiss Exchange, now has 12 cryptocurrency exchange-traded products listed. The latest addition, the 21shares Short Bitcoin, allows investors to profit from falling prices of the digital currency. Other listed crypto products include those that track the price movements of BCH, BTC, ETH, XRP, BNB, and tezos.
Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
Newest Addition: An Inverse Product
SIX Swiss Exchange has listed an inverse bitcoin exchange-traded product (ETP) issued by fintech company Amun AG. The company announced on Thursday that this product “is the first short or inverse product of its kind using a digital asset as the underlying for an ETP structure.”
The product “tracks the opposite performance of bitcoin to give investors an easy, cost-effective and convenient way to gain exposure in both directions of the bitcoin price movements,” the company detailed. It is “designed to enable investors to profit from falling…