According to the latest report, the fifth largest digital currency in terms of market capitalization Bitcoin Cash has been listed by FinTech firm Amun AG as the exchange-traded product (ETP) on the SIX Swiss exchange. Moreover, the Bitcoin Cash will trade under the ticker sign “ABCH.”
The Swiss-based SIX exchange is ranked the fourth largest European exchange with a market cap of a little over one ($1.6) trillion dollars. The founder of Bitcoin Cash Roger Ver holds a particular position in the world of bitcoin. Ver is the most passionate supporter of people’s currency. He made this announcement on his Twitter handle:
— Roger Ver (@rogerkver) July 5, 2019
ETP is being seeded by Roger Ver with a little over nine ($9.9) million dollars that are about twenty-five thousand Bitcoin Cash. About ETP and Amun, Ver stated that Bitcoin Cash is proving to be a game-changer in the crypto space, and the FinTech firm Amun is likely to make it mainstream. This recent investment in Amun will attract more investors to collaborate with the expanding community, which is optimistic about Bitcoin Cash’s success.
Previously, SIX introduced five other cryptocurrencies that are related to ETP for both the separate assets (XRP, Bitcoin, Ethereum) and top currencies in terms of market capitalization.
Although Switzerland is continuously working towards the elevation of the digital currency industry, yet there are zero chances of the United States’ Security and Exchange Commission approving the three pending proposals of crypto ETPs.