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Major Swiss Stock Exchange SIX Lists XRP Exchange Traded Product

Major Swiss Stock Exchange SIX Lists XRP Exchange Traded Product

According to its official website, Switzerland’s principal stock exchange, SIX, has listed a Ripple (XRP)-based Exchange Traded Product (ETP) today, April 2.

As Cointelegraph reported in March, the exchange had already confirmed that it was planning to list the product, dubbed Amun Ripple (AXRP). Hany Rashwan, co-founder and CEO of Amun — the cryptocurrency derivative development company behind AXRP — at the time claimed that this is the first such product on the market:

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

Furthermore, Rashwan also told media that the company has also received SIX’s approval to launch four more ETPs for other altcoins — Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM) and Eos (EOS). In November last year, SIX also listed what was reportedly the world’s first ETP tracking an index of multiple crypto assets, based on Bitcoin (BTC), Ripple, Ethereum (ETH), BCH and LTC.

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

As Cointeledgraph noted in a dedicated analysis in December, those developments are seemingly part of a broader trend, which sees the United States being left behind where cryptocurrency ETPs are concerned, as compared to Europe.

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About Howard Mahere

I'm a Bitcoin/Cryptocurrency enthusiast ; motivator; author of "AN IMMIGRANT WITH A PLAN" and a John C Maxwell certified speaker . Happily married to Emely and a father to one son and two daughters. My greatest joy comes from inspiring others to maximize their potential. I feel fulfilled when I bring hope to the hopeless and encouragement to the discouraged. The truth is, we each have a past, and it's either our prison, our excuse OR our springboard to a brighter future. The choice is yours but as for me, I made up my mind a long time ago to use my dysfunctional tough childhood as a stepping stone . The late Zig Ziglar used to say "It's not what happens to you that determines how far you will go in life, it is how you handle what happens to you." This is my story and I am sticking to it!
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