06.11.2021

SIX Reaches 100 Crypto ETPs And Structured Products

06.11.2021
SIX Reaches 100 Crypto ETPs And Structured Products

SIX welcomes VanEck ETP AG as a new issuer of Exchange Traded Products (ETPs). With the 4 new listings by VanEck ETP AG a total of 100 ETPs and Structured Products with cryptocurrencies as underlyings are offered for trading at SIX Swiss Exchange.

“Ethereum is the second most liquid crypto currency after Bitcoin. We’re proud to offer 59 products on the two most liquid crypto currencies for trading with a market capitalization of USD 1’000 bn. – SIX is a world leader with its wide crypto product offering, also on an additional 8 crypto currencies. A warm welcome to VanEck ETP AG joining our issuer ranks and further expanding the product range”, says Christian Reuss, Head SIX Swiss Exchange.

Since the beginning of the year, a volume of nearly CHF 4.6 bn has been traded in products on crypto currencies at SIX – that is an increase of 310% compared to the whole previous year. 6 out of the top 10 crypto products by trading turnover year to date are on Bitcoin and Ethereum. For the majority of this volume investors increasingly turn to collateralized ETPs. These numbers underline the strong position of SIX as the world’s leading regulated market place for products with crypto currencies as underlying.

VanEck Investments Ltd. is an ETF issuer at SIX since 2015, currently offering 20 ETFs for trading at SIX and ranking among the top 10 ETF issuers in relation to number of trades year to date. Their new product offering rises the number of ETP issuers at SIX to 10 and brings the number of new ETP issuers for the current year to 5 – after ETC Issuance GmbH, CoinShares Digital Securities Limited, SEBA Bank and Iconic Funds BTC ETN GmbH.

The New York-based investment management firm VanEck lists four crypto currency ETPs at SIX. These ETPs provide investors with exposure to the price of Bitcoin and Ethereum without having to buy the crypto currencies themselves. Both ETPs are fully collateralized. VanEck has a history of looking beyond the financial markets to identify trends. They were one of the first asset managers to offer investors access to gold investing in 1968, emerging markets in 1993, and Exchange Traded Funds in 2006. Today, VanEck offers active and passive strategies with wide exposures. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification.

Source: SIX

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