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SIX Swiss Exchange Expands Offerings with 161 Crypto-ETPs
SIX Swiss Exchange, the leading securities trading platform in Switzerland, has recently added 161 crypto exchange-traded products (ETPs) to its offerings. This move comes as the platform continues to see a surge in demand for cryptocurrency-based assets.
New Products and Market Expansion
The new products from Figment and Liqwid are available in three different trading currencies, bringing the total number of ETPs traded on SIX Swiss Exchange to 185. Of these, 161 are based on cryptocurrencies, while the remaining 24 are divided between precious metals and equity or fixed-income assets. This expansion also sees the number of ETP issuers rise to 18, reflecting the growing interest in crypto-related investment products.
Rising Demand and Trading Activity
Since the beginning of the year, the crypto ETPs listed on SIX Swiss Exchange have seen a trading volume of 594 million CHF and 40,000 transactions. Notably, Bitcoin has dominated the demand, accounting for 49.1% of the trading volume, followed by Ethereum at 16.2% and Solana at 13.0%. The demand for Solana products has seen a significant increase of 107% compared to the previous year, indicating a growing interest in alternative cryptocurrencies.
Market Insights and Future Outlook
Christian Reuss, Head of SIX Swiss Exchange, emphasized the increasing interest in cryptocurrencies and the exchange’s commitment to providing a seamless and innovative trading experience for its members. He highlighted the benefits of transparency, liquidity, and equal treatment for investors. The addition of Issuance.Swiss AG as a new ETP issuer in partnership with Figment and Liqwid was also welcomed, signaling the exchange’s support for new entrants in the crypto investment space.
Laurent Kssis, an independent board member of Issuance.Swiss AG, expressed enthusiasm for the inclusion of Bitcoin ETPs, citing their efficiency and security for investors who may not want to manage their private keys or rely on third-party custodians. He also noted the potential for financial advisors to easily allocate Bitcoin to their clients’ portfolios through trusted platforms.
Expanding Offerings and Investor Accessibility
The addition of Staking ETPs on Ethereum, Solana, and Cardano further demonstrates SIX Swiss Exchange’s commitment to catering to the evolving needs of investors in the crypto space. This move not only expands the range of investment options but also provides opportunities for investors to engage with staking mechanisms within these blockchain networks.
Conclusion
The expansion of crypto ETP offerings on SIX Swiss Exchange reflects the growing demand for digital assets and the exchange’s proactive approach to meeting the evolving needs of investors. With a diverse range of products and a focus on accessibility and security, the exchange continues to position itself as a leading destination for crypto-based investment opportunities.
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