Amun AG, a Swiss fintech crypto-focused company has listed the first exchange-traded product (ETP) tracking the performance of bitcoin cash (BCH) on the Swiss leading stock exchange — SIX Swiss Exchange, Bitcoin.com reports.
SIX Swiss Exchange is a Zurich-based Switzerland's main stock exchange with $1.61 trillion adjusted volume in 2019.
The Amun BCH ETP is reportedly a fully collateralized product that is denominated in U.S. dollars with an annual investor fee of 2.5% that includes insurance, custody service, and re-balancing fees.
Bitcoin cash supporter & CEO of Bitcoin.com, Roger Ver, says he believes Amun has the credential to carry out bitcoin cash expansion all over the world.
"We are confident that our investment in the new Amun BCH ETP will set the example and drive more investors to join the growing community which believes in the success of btcoin cash," Ver added.