Switzerland sets precedent with world’s first cryptocurrency ETP

We told you cryptocurrency-based exchange traded funds (ETFs) were coming. Switzerland’s leading stock exchange has given the go-ahead for the world’s first cryptocurrency ETP, the Financial Times reports. The ETP is called the “Amun Crypto exchange traded product (ETP)” and will be trading from next week on the “Six” exchange in Zurich. The Amun Crypto ETP will track an index made up of five leading cryptocurrencies including: Bitcoin, XRP, Ethereum, Bitcoin Cash, and Litecoin. Each of these coins will be weighted at 49.7 percent, 25.4 percent, 16.7 percent, 5.2 percent, and 3 percent, respectively. The fund holds a 2.5 percent…

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