FINMA licensed digital asset bank SEBA Bank has won the “Best ETP of the Year” Award in the Swiss ETF Awards 2022, according to a note from the company. The ETP in question is the SEBA Crypto Asset Select Index (SEBAX), which trades on the SIX Swiss Exchange.
The Swiss ETF Awards 2022 honor ETFs [exchange traded funds] and ETPs [exchange traded products] listed in Switzerland in 2021 across seven categories.
The SEBAX index utilizes SEBA Bank’s Research unit which complies with the Swiss Bankers Association research guidelines and offers investors a diversified cryptocurrency market exposure while optimizing overall risk.
As a second-generation crypto-currency index, the SEBAX index is described as a “smart beta index”, employing a unique coin selection and weighting methodology.
Stefan Schwitter, Head of Investment Solutions at SEBA Bank, commented on the recognition:,
“We are delighted to receive recognition for SEBAX in the Best Swiss ETP category by the public. We are proud of the two-year live track record of the SEBAX Index having delivered twice the performance of Bitcoin at the same level of risk – a clear leadership position in the crypto space.”
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