Major Swiss exchange lists Ethereum-based ETP


  • Russian billionaire Kaspersky says the world is not ready for cryptos yet
  • Major Swiss stock exchange starts listing Ethereum-based ETP
  • Bitcoin increases to above $3800

The cryptocurrency market experienced a huge wave of rises yesterday, major cryptos closed yesterday’s trading in solid green as well. As a result, many of them managed to recoup their Monday’s losses altogether. Moreover, the largest digital currency Bitcoin went up to above the $3800 mark on Tuesday. According to CoinMarketCap, the capitalization of cryptos stands around the $132.5 billion handle whereas Bitcoin accounts for roughly 51.7% of this value on Wednesday morning.

Bitcoin (BITCOIN on xStation5) experienced a large rise during yesterday’s trading. The largest virtual currency managed to recover losses produced within the previous three days. However, it seems that bulls may not have enough power to continue the upward movement. Source: xStation5

CEO of Kaspersky Lab thinks the world is not ready for cryptocurrencies yet

Eugene Kaspersky, the Russian billionaire and the CEO of Kaspersky Lab (a popular cybersecurity company), made some crypto-related remarks during its interview with Arabian Business. Kaspersky said that “cryptocurrencies are a great idea, but the world is not ready for them yet”. The CEO of Kaspersky Lab added also that encrypted currencies and united world are inseparable, but now governments want to monitor cryptos. Moreover, the Russian billionaire suggested that some technologies and ideas related to cryptocurrencies “can be used in the future currency with little modification, leveraging blockchain technology” even as cryptos could not replace a financial system today.

Tuesday’s trading was also quite successful for the second largest virtual currency Ethereum (ETHEREUM on xStation5). The cryptocurrency increased from around $125 to around $135 during yesterday’s trading, and it is moving a little above the second mentioned price level at press time. Source: xStation5

Switzerland’s SIX Group starts listing Ethereum-based ETP

The major Swiss stock exchange SIX Group announced on Tuesday that it started listing Ethereum-based exchange-traded product (ETP) backed by the Swiss company Amun AG. The new Amun’s ETP, which is called Amun Ethereum ETP, is the third such a product which is now listed on this Swiss exchange. Note that Zurich-based SIX Group introduced two ETPs backed by the same company earlier. Namely, the company announced its first crypto-related exchange-traded product (called Amun Crypto Basket Index ETP, which tracks major five cryptos) in November. Moreover, the major Swiss exchange started listing Bitcoin-based exchange-traded product (called Amun Bitcoin ETP) in late February.

Litecoin (LITECOIN on xStation5) has increased on Wednesday extending its previous gains. Moreover, the virtual currency has been trading around the highest price level since early November at press time. Source: xStation5

Chart of the day - US100 (27.07.2021)
Economic calendar: CB Consumer Confidence, Big Tech earnings
Morning wrap (27.07.2021)
Daily summary: Cryptocurrencies rose sharply, USD under pressure
USDCHF attempts to break below key consolidation zone
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