In a press release, Amun AG said his new AND P, listed on the Swiss Stock Exchange (SIX), offered a simple way to trade lower on the bitcoin price.
according to Amun AG, the 21Shares Short Bitcoin ETP is the first product of its kind to use a digital asset as the underlying of an Exchange Traded Products (ETP) structure. Unlike the short sale, the exchange traded product is reset every day and performance is not delayed overnight.
"Amun offered an existing suite of investment products for a variety of crypto assets, however, there was a product missing to speculate on negative price movements, ”commented Hany Rashwan, CEO of Amun AG.
Last year, Amun AG launched a dozen crypto-ETPs on the Swiss national stock exchange, in particular on Bitcoin, Ethereum, XRP, Binance Coin and Tezos. We learn today that they are now all grouped under the suite called 21Shares.
In December, the Zurich fintech announced that it had received authorization from regulators to list its ETPs on other European exchanges. It plans to list its products on at least two new exchanges by the end of 2020.
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