The recent spike in prices has resulted in a global rise in financial products. This has been spearheaded by virtual currency enthusiasts who are trying out assorted investment avenues.
started the month of April on a high note recording a 15 percent growth on the second day of the month. Since then, has been on the rise and its price is currently hovering above the $5,000 mark. The price appreciation has ignited the growth of financial products with eyes set on new gains by and other digital currencies.
Amun Launches An XRP Exchange Traded Fund
At the beginning of this month, Amun AG, a financial technology firm based in Switzerland, launched a (XRP)-based ETP (exchange-traded fund). The ETP will be available for on the Swiss exchange.
According to a press release, Amun :
“The ETP was one of the missing pieces of the puzzle, as we aim to facilitate access for investors in all major .”
New Zealand-based Company Launches An Equity Share Offer
Crossgate Capital, a New Zealand-registered firm, has launched an equity share offer. The offer is geared towards helping investors have an easy time when investing in virtual currencies. It will also minimize the risks involved when directly interfacing with . The share offer is structured in a way that investors are investing in a New Zealand-registered company.
Bank Frick Releases A -ETH Tracker
Bank Frick, a Liechtenstein-based financial firm with a positive relationship, released a () – (ETH) Tracker. The financial institution partnered with Suisse, a Switzerland-based firm. The product tracks the value of and ETH for two years.
Bank Frick’s head of Funds and Capital Markets, Raphael Haldner, said:
“The product’s design demonstrates the innovative capacity that links Bank Frick and Suisse.”
Ripple (XRP) And Litecoin (LTC) ETNs Launched As Blockchain Financial Products
XBT Provider, a reputable manager of ETNs (exchange-traded notes), separately launched and Trackers. The LTC and XRP Tracker are available for on Nordic Growth Market and is open to European investors. The two ETNs are open-ended and attract a 2.5% annual fund management fees.
As the crypto winter officially comes to an end, of futures on CME also recorded new highs at the beginning of April. This could bring more financial products to the forefront.
Published at Sun, 21 Apr 2019 04:06:52 +0000
