Amun lists first Bitcoin Cash ETP on the SIX Swiss Exchange
Amun AG, a Swiss fintech aiming to facilitate access to crypto-asset investments, has listed what it says is the world’s first ETP (exchange traded product) tracking Bitcoin Cash (ticker ABCH) on SIX, the Swiss stock exchange.
The product is seeded by Roger Ver with Bitcoin Cash 25K (USD 9.9 million as of today).
Roger Ver, CEO of Bitcoin.com, says: “Bitcoin Cash is becoming a game changer in the crypto ecosystem and beyond, and Amun will help solidify its global adoption. We are confident that our investment in the new Amun BCH ETP will set the example and drive more investors to join the growing community which believes in the success of Bitcoin Cash.”
Ver is an early investor in bitcoin-related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom. He now promotes Bitcoin Cash. Bitcoin Cash was created in August 2017 by bitcoin miners and developers concerned with the future of the cryptocurrency and its ability to scale effectively. They have implemented an increased block size in the blockchain to accelerate the verification process of the transactions
Hany Rashwan, Amun Co-Founder and CEO, says: “We are delivering our strategy, which is to provide investors with the wider product suite in the crypto-assets space, easily available on one of the most reputable market place, the Swiss Exchange. Thanks to this product, investors can now easily add Bitcoin Cash (BCH) to their portfolio.”