• Fri, 06 Dec 2019, 03:16 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Amun launches new ETP using Bitwise 10 Select Large Cap Crypto Index

Wed, 26 Jun 2019, 10:06 am UTC

Swiss fintech startup Amun AG has launched a new exchange-traded product (ETP) using the Bitwise 10 Select Large Cap Crypto Index as a benchmark, CoinDesk reported.

This marks the fifth ETP permitted by the Swiss SIX Exchange. Amun AG has previously listed HODL, a physically backed ETP based on five leading cryptocurrencies; bitcoin-based ETP; Ethereum-based ETP; and, more recently, XRP-based ETP on the Swiss SIX Exchange.

The Amun Bitwise Select 10 Large Cap Crypto ETP, which will trade under the ticker symbol “KEYS,” seeks to track the investment results of an index composed of up to top 10 cryptoassets ranked by inflation-adjusted market capitalization, according to the website. It is available to anyone outside of the United States.

“We are thrilled to partner with Bitwise to bring the most broadly diversified crypto ETP to investors in Switzerland,” said Hany Rashwan, CEO of Amun. “Bitwise is the global leader in crypto indexing, and we are excited to launch a product that builds on their expertise.”

The Bitwise 10 Select Large Cap Crypto Index tracks the performance of up to 10 of the largest crypto assets in the world, as measured and weighted by free-float and inflation-adjusted market capitalization. It excludes privacy coins and Platform Dependent Tokens on third-party blockchains.

Constituents must meet a variety of criteria to qualify for the Index, including rules related to security, liquidity and institutional support.

According to the press release, Bitwise Index Services, a subsidiary of Bitwise Asset Management, has licensed the new index to Amun AG to be used as the benchmark index for the ETP.

The Index is rebalanced and reconstituted on a monthly basis. As of rebalancing on May 31, the index is weighted with Bitcoin comprising 67.8 percent, Ethereum 11.5 percent, Ripple 8.33 percent, Bitcoin Cash 3.52 percent, Litecoin 3.47 percent, and EOS 3.36 percent, Stellar Lumens 1.10 percent, and Cardano 0.90 percent.

All assets that are included in the index must be approved to serve as the underlying for an ETP by SIX and must be both supported by appropriate market makers and available for custody at leading institutional custodians.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,458.06 (+2.76%)
  • Ethereum (ETH) $149.09 (+2.09%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.33 (+2.88%)
  • Litecoin (LTC) $45.42 (+1.49%)
  • Bitcoin (BTC) $7,458.06 (+2.76%)
Dec 5, 2019 (Thursday)
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD pauses downside, bullish RSI divergence raises scope for upside
U.S. financial regulators call for continued monitoring of digital assets and DLTs
Crypto Technicals: IOT/USD retraces above 0.20 handle; recovery lacks traction
Samsung Blockchain Keystore to be soon available in six more European countries, says TRON CEO Justin Sun
KT and China Mobile team up to commercialize blockchain-based roaming charge system
Crypto Technicals: XRP/USD capped below 5-DMA, on track to test trendline support at 0.1995
France to launch CBDC trial by end of Q1 2020
Crypto Technicals: BTC/USD finds selling pressure at highs, bias remains bearish as long as 21-EMA resistance holds
OneConnect seeks to raise $500M for its upcoming IPO amidst global expansion of parent company Ping An
China’s Hainan announces new measures, $142M fund to support blockchain industry
Sean Neville to step down as Circle co-CEO
Bakkt CEO Kelly Loeffler appointed as U.S. senator by Georgia governor Brian Kemp
Gemini burns GUSD bringing total supply to 4.1 million
Crypto Technicals: ETH/USD recovery capped at 200H MA, break below 78.6% Fib (141.35) to knock prices lower
Poloniex users could lose fund, account if they fail to withdraw tokens by Dec. 16, Circle warns
North Korean hacking group may be behind near-undetectable macOS malware
Dec 4, 2019 (Wednesday)
BOJ Governor Haruhiko Kuroda sees no public demand for CBDC at the moment
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.