By An exchange-traded product (ETP) which tracks the price of the XRP coin has gone live the Swiss primary stock exchange SIX.
Amun AG, the developer of the ETP, announced this news on Tuesday, stating that the XRP ETP had begun trading upon the exchange under the AXRP ticker symbol.
The firm first announced the news of an XRP ETP back last month. Co-founder and CEO of Amun AG, Hany Rashwan told news sources at the time that his firm already had approval from SIX to begin issuing the product.
With today’s launch of the AXRP product, Amun AG now has a total of four crypto ETP products listed on the SIX exchange. Earlier last month, the firm also launched an ethereum (ETH)-based ETP trading under the AETH ticker symbol. Back in February a bitcoin (BTC)-based ETP under ABTC went live and the firm also launched the Amun Crypto Basket ETP under the HODL ticker back in November.
The HODL ETP tracks the 5 best cryptocurrencies based on market cap and liquidity. Currently, this is comprised of BTC, XRP, ETH, bitcoin cash (BCH) and litecoin (LTC).
Rashwan told sources on Tuesday that Amun AG is seeking to make investing in crypto “as easy as buying a stock.”
As long as any digital asset has sufficient liquidity, good development records, and no nefarious activity,” Amun AG would continue to add new ETP products Rashwan said, adding:
“We plan on launching other strategies, more single asset ETPs, and more indices! We are planning on having 6–8 additional launches this year.”
All four ETP products are developed and issued by Amun AG’s own platform Amun Onyx. The platform also facilitates the products once they’re live on the SIX exchange as per the statement.
Furthermore, Amun AG also signs on external customers to make use of the Onyx platform so that they can launch their own traditional and tokenized exchange-traded funds (ETFs).
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