SIX announced iShares as the 20th issuer of Exchange Traded Products (ETPs) with crypto-assets as underlyings.
iShares lists its inaugural product on Bitcoin.
With this launch, iShares lifts the total number of “listed crypto products at SIX to 487.”
The iShares Bitcoin ETP further expands the “range of crypto ETPs available at SIX, offering investors direct access to Bitcoin through a familiar and transparent exchange-traded structure.”
Each ETP is fully backed by bitcoins, which are “held by Coinbase Custody International Limited, a licensed custodian.”
The ETP is traded in Swiss Francs and “supported by market makers, providing liquidity and efficient trading.”
in the first seven months of this year, the 194 crypto-ETPs listed at SIX Swiss Exchange have “generated a trading turnover of CHF 2.3 billion across 116,000 trades.”
This represents a 44.5% increase compared to same period of the previous year.”
Of the total 194 ETPs with crypto-asset underlyings, Bitcoin leads in trading volume with “a share of at 36.1% YTD, followed by Solana at 23.0%.”
The launch of this new ETP reflects the “growing investor interest in crypto products.”
Omar Moufti, Crypto Product Strategist, iShares, states:
“We believe ETPs have an important role to play to build a bridge between crypto and traditional finance through their efficiency and convenience.”
Danielle Reischuk, Senior ETFs & ETPs Sales Manager, SIX Swiss Exchange, adds:
“The launch of the iShares Bitcoin ETP underscores our commitment to expanding the range of digital asset products available to investors. By providing a stable and efficient trading environment, we continue to make digital assets more accessible and transparent for the Swiss financial market and its investors.”
iShares is a global entity focused on exchange traded funds (ETFs).
iShares offers a range of ETFs, providing “investors with access to various asset classes, including equities, fixed income, and alternative strategies.”
With a focus on product development and investor choice, iShares aims to make investing ‘more accessible, efficient, and cost-effective for individuals and institutions worldwide.’