Amun company's ETF product has been approved to trade on Six Swiss Exchange. It will be the world's first ETF trading cryptocurrencies. The trading will begin next week.
Six Swiss Exchange is the 4th biggest stock exchange in Europe so it will definitely influence the price of bitcoin but the market hasn't reacted on that news yet. Amun is a Swiss startup but it seems that it originated from Amun Capital AG which was founded in Hong Kong. It advertises itself as a professional trading company and claims good results such as 0,72% daily average return (average from last 365 days).
The ETF itself will be listed with HODL5 ticker and will trade not only BTC. Funds division will be as follows:
| Currency | Symbol | Percentage |
|---|---|---|
| Bitcoin | BTC | 48,13% |
| Ripple | XRP | 29% |
| Ethereum | ETH | 16,39% |
| Bitcoin Cash ABC | BCHABC | 3,74% |
| Litecoin | LTC | 2,74% |
Amun twitter account can be reached here.
Happy trading! :)