With Helveteq, as well as Invesco and Fidelity who joined earlier this year, SIX Swiss Exchange already welcomed half as many new ETP issuers as in the entire 2021, when ETC Group, CoinShares, SEBA Bank, Iconic Funds, Van Eck and Ridgex listed their first products in Switzerland – including several world premieres on a regulated exchange.
Writing a New Success Story
The growth of crypto products on SIX Swiss Exchange traces back to 2016, when Bank Vontobel listed a structured product certificate that tracked bitcoin. The first crypto index ETP was listed on SIX in November 2018 by Amun (now called 21shares) – a world premiere at the time. A physically backed ETP on Bitcoin as a single currency was listed by WisdomTree in December 2019, followed by the very first actively-managed Crypto ETP tradable on a regulated marketplace, launched by Bitcoin Capital in July 2020.
High investor demand is not the only factor fuelling the growth of crypto products on SIX Swiss Exchange. Further fundamental reasons include the sophisticated investment community in Switzerland – and the role of the exchange itself, working closely with the financial industry to create a diversified, competitive yet regulated market and providing an infrastructure to investors so they can trade interesting products and gain access to the crypto world.