Amun AG Launches ETP Based on Ripple Prices

Today's Ripple-based Exchange-traded product (ETP) (XRP) is officially traded on the SIX, Switzerland stock exchange. Based on information from the owner of ETP, namely Amun AG, ETP starts trading with the tickerAXRP symbol.

Previously, the company's strong signal from AXRP had been announced last month. Hany Rashwan, Founder and CEO of Amun AG, said that currently the company has received the blessing of the SIX stock exchange manager.

With the launch of the new product, Amun AG currently has 4 ETP products that are flooring on SIX. Last month, Amun AG launched Ethereum-based ETP (AETH). Next, Amun AG introduces ABTC, Bitcoin-based ETP. Previously in November 2018, Amun AG launched Amun Crypto Basket Index ETP (HODL) based on prices of BTC, XRP, BCH and LTC. The choice of these assets is based on the amount of market capitalization and the level of liquidity.

"Amun AG wants investors to more easily accumulate assets in the crypto sector, as easily as buying shares. Moreover, our products are regulated to access crypto asset classes. As long as crypto currencies are sufficiently liquid and stored well, we will continue to add other ETP products. This year we plan to launch 6-8 new products, "said Rashwan.

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