Switzerland's SIX Exchange to Launch World’s First Multi-Crypto ETP Amid Market Downturn

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The SIX Swiss Exchange, Europe’s fourth-largest stock exchange, is set to launch the world’s first multi-cryptocurrency exchange-traded product (ETP) next week—marking a pivotal moment for digital asset adoption in traditional finance. This groundbreaking financial instrument arrives amid a prolonged crypto market downturn, signaling growing institutional confidence in blockchain-based investment vehicles.

A Regulated Gateway to Crypto Exposure

Backed by Swiss fintech firm Amun AG, the new ETP will track the HODL Index, offering diversified exposure to five major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). By bundling these assets into a single, exchange-listed product, the ETP provides both retail and institutional investors with a regulated, accessible way to gain broad market exposure without managing multiple wallets or exchanges.

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The weighting within the ETP reflects current market dominance:

This structure ensures that investors are primarily anchored to the most established digital assets while still benefiting from diversification across alternative coins.

Built on Swiss Precision and Regulatory Trust

Switzerland has long been recognized as a global hub for financial innovation and regulatory clarity—especially in the blockchain space. Known as “Crypto Valley,” the city of Zug hosts numerous blockchain startups due to favorable policies and infrastructure. Amun AG, though operating out of this ecosystem, is a subsidiary of UK-based Amun Technologies, blending European fintech expertise with Swiss financial rigor.

Hany Rashwan, co-founder and CEO of Amun AG, emphasized that the ETP adheres to strict regulatory standards typical of traditional financial products. “This product is designed to meet the compliance expectations of institutional investors,” Rashwan said, highlighting its potential to bridge conventional finance and decentralized digital assets.

The index underlying the ETP will be managed by VanEck’s German index division—a firm well-known for its work in ETF development and asset management—further reinforcing credibility and operational robustness.

Why This Launch Matters in a Bear Market

The timing of this launch is significant. With cryptocurrency prices down sharply from their all-time highs and investor sentiment cautious, the introduction of a regulated, multi-asset crypto ETP suggests enduring belief in the long-term value of digital assets.

Unlike speculative trading platforms or unregulated funds, this ETP offers transparency, daily pricing, and oversight—key factors that appeal to risk-conscious investors. It also reflects a maturing market where demand is shifting from direct ownership to structured, compliant investment vehicles.

Thomas Zeeb, head of securities at SIX Swiss Exchange, recently stated that blockchain-based digital exchanges are poised to replace traditional systems within a decade. He cited strong interest from banks, insurers, and brokers in leveraging blockchain for cost efficiency and settlement speed.

Understanding ETPs: The Bridge Between Crypto and Traditional Finance

Exchange-traded products (ETPs) are securities traded on stock exchanges that derive value from underlying assets such as commodities, currencies, or indices. They include exchange-traded funds (ETFs), exchange-traded notes (ETNs), and other structured instruments.

Key advantages of ETPs include:

While a true Bitcoin ETF has yet to gain approval in the U.S., Europe has taken the lead with several crypto-linked ETPs already live. For example, XBT Provider launched a Bitcoin ETP in Sweden under CoinShares, which has attracted nearly $1 billion in assets since its 2015 debut on Nasdaq Stockholm.

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FAQ: Your Questions About Multi-Crypto ETPs Answered

Q: What’s the difference between an ETP and an ETF?
A: An ETF is a type of ETP that typically holds the actual underlying assets. Other ETPs may be debt-based (like ETNs) or use derivatives. All ETFs are ETPs, but not all ETPs are ETFs.

Q: Is this ETP physically backed or synthetic?
A: While full details aren’t public, most crypto ETPs in Europe are fully backed by physical assets held in cold storage. Given Switzerland’s strict regulations, it's highly likely this product follows the same model.

Q: Can U.S. investors buy this ETP?
A: Access depends on brokerage capabilities and regulatory compliance. Some international brokers may offer it to accredited U.S. investors, though SEC restrictions limit direct availability.

Q: How does diversification help in crypto investing?
A: Spreading investment across multiple cryptos reduces reliance on any single asset’s performance. Given BTC’s dominance and ETH’s smart contract utility, combining them with XRP, BCH, and LTC balances stability with growth potential.

Q: Why isn’t Solana or Cardano included?
A: The HODL Index focuses on early-generation, high-liquidity cryptos with proven track records. Newer projects, despite popularity, may lack the multi-year data needed for regulated financial products.

Q: Will this influence future U.S. crypto ETF approvals?
A: Yes—successful launches in regulated markets like Switzerland provide regulators like the SEC with real-world data on investor behavior, custody solutions, and market stability.

Core Keywords Driving This Trend

The rise of regulated crypto investment vehicles hinges on several key concepts:

These terms reflect growing interest among investors seeking secure, compliant ways to enter the digital asset space—without compromising on transparency or control.

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Final Thoughts: A Step Toward Mainstream Integration

The launch of the world’s first multi-cryptocurrency ETP on SIX Swiss Exchange represents more than just a financial innovation—it's a signal of convergence between legacy markets and decentralized technologies. As volatility persists in 2025, products like this offer stability through regulation, diversification, and institutional oversight.

For investors watching from the sidelines, this development lowers the barrier to entry while aligning with established financial practices. As blockchain continues to transform settlement systems and asset management, expect more hybrid instruments that blend the best of both worlds.

With Europe leading the charge and demand rising globally, the future of crypto investing is becoming increasingly accessible—one regulated product at a time.