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Helvetianqa Swiss issuer of ESG-transparent investment products, has launched a pair of digital asset ETPs offering carbon-neutral exposure to bitcoin and ether.
the Helveteq Bitcoin Zero ETP (BTCO2 SW) and Helveteq Ether Zero ETP (ETH20 SW) have been listed on SIX Swiss Stock Exchange in US dollars.
BTCO2 and ETH20 offer institutional investors easy access to bitcoin and ether through liquid, regulated vehicles without the technical challenges of setting up private keys or crypto wallets.
They use full direct “physical” replication, with each ETP share backed 100% by a corresponding bitcoin or ether investment that is stored using an institutional-grade cold storage solution provided by Bitcoin Suisse.
Each ETP carries a management fee of 1.69%.
The environmental impact of digital assets has passed into mainstream consciousness in recent years. In particular, proof-of-work networks such as Bitcoin and Ethereum have proven to be very energy-intensive, leading to massive CO2 emissions.
Research on the exact carbon footprint of blockchains is a relatively new area. The diverse energy mix used by network participants, the different consensus mechanisms applied, and the different ways in which different blockchains accommodate growth, new wallets, and new transactions complicate the creation of a commonly agreed framework. deal.
Seeking to clarify these questions, Helveteq has partnered with the Swiss FinTech Innovation Lab at the University of Zurich’s Institute of Banking and Finance, which uses its extensive blockchain research capabilities to assess the carbon footprint of networks such as Bitcoin and Ethereum.
Based on the findings of the lab, Helveteq will offset all relevant carbon dioxide emissions from ETPs by purchasing and withdrawing Certified Emission Reductions (CERs) issued by the United Nations Carbon Offset Platform. Each CER represents the sequestration of one metric ton of CO2 through carbon removal projects implemented in developing countries.
Commenting on the launch, Christian Katz, CEO of Helveteq, said: “It is time to offer investors the first carbon-neutral crypto ETPs from a Swiss issuer. Awareness of the connection between the environment and the blockchain economy is growing rapidly, and we all need to work together to find sustainable solutions.
While carbon-neutral crypto ETPs are still relatively rare, Europe’s largest bitcoin ETP – the $680 million BTCetc – Physical Bitcoin from ETC Group (BTCE GY) – also offers this service. BTCE comes with a fee rate of 2.00%.