Share this article
Swiss SIX Exchange Launches Crypto ETP Denominated in Swiss Francs
SIX has listed its latest crypto instrument, the Amun Bitcoin Suisse BTC/ETH exchange-traded product.
Updated Sep 13, 2021, 11:31 a.m. Published Oct 3, 2019, 6:00 a.m.
Another crypto-based financial product is coming to the Swiss stock exchange SIX.
Fintech firm Amun and crypto fintech service Bitcoin Suisse announced Thursday the launch of its Swiss franc denominated Amun Bitcoin Suisse BTC/ETH exchange-traded product (ETP) under the ABBA ticker. Nine parts bitcoin and one part ether by percentage, the ETP captures some 75 percent of the total cryptocurrency market cap in one listed product.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In an interview, Amun CEO Hany Rashwan said the ETP serves as an important financial hedge. Based on the two largest cryptocurrencies by market cap and denominated in Swiss francs, Rashwan said the product is uniquely Swiss.
“It’s the conservative Swiss way of doing things,” Rashwan told CoinDesk. “It’s safe, cheap, and conservative.”
Unlike exchange-traded notes (ETNs), ETPs are legally obligated to be backed one-to-one by reserves. Amun says the ETP is fully collateralized with bitcoin and ether custodied in Switzerland by Bitcoin Suisse. The firm's first ETP since its founding in 2013, Bitcoin Suisse currently holds some $1 billion.
The product follows Amun’s numerous other crypto-based ETPs launched this year, based on leading cryptocurrencies by volume traded such as bitcoin, bitcoin cash, ethereum and XRP.
Rashwan told CoinDesk the firm expects to have some $75 million in assets under management for this type of product's portfolio by the end of the year, spurred on by further product launches this coming quarter, including ETPs.
Said Rashwan:
“[Amun is] expanding to more stock exchanges across more geographies covering more assets and more currencies."
Swiss franc image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
