Swiss fintech launches world first inverse bitcoin tracker ETP

clock • 2 min read

Swiss fintech specialist Amun AG has innovated the crypto market by launching the 21Shares Short Bitcoin ETP (SBTC) on the Swiss Stock Exchange (SIX), which tracks the opposite performance of Bitcoin to give investors an easy, cost effective and convenient way to gain exposure in both directions of the Bitcoin price movements. The SBTC tracker is the first short or inverse product of its kind using a digital asset as the underlying for an ETP structure (Exchange Traded Products - ETP). It ...

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