Cryptocurrencies, blockchain and ETFs – an update

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News came last week that Swiss-based Amun had launched the 21Shares Short Bitcoin ETP (SBTC) on the Swiss Stock Exchange (SIX). This is an ETP which tracks the opposite performance of bitcoin to give investors access to hedging and trading potentials within bitcoin price movements, whichever direction they are going.

Amun, with USD50 million under management, describes their 21Shares Short Bitcoin ETP as a natural extension to their existing unleveraged range of crypto ETPs, allowing investors to better manage the increased volatility and changing dynamics of the cryptocurrency markets.

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Beverly Chandler
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Managing Editor

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