# Swiss SIX Exchange lists XRP-based exchange-traded product

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/investing/1577
Published: 2019-04-02T11:06:57.000Z
Updated: 2019-04-02T11:06:57.000Z
Section: Investing

> Following the launch of Ethereum-based exchange-traded product (ETP) last month, Switzerland’s principal stock exchange, SIX Swiss Exchange, has launched the trading of XRP ETP.

Following the launch of [Ethereum-based exchange-traded product](<https://tokenpost.com/SIX-Swiss-Exchange-lists-Ethereum-based-ETP-1397>) (ETP) last month, Switzerland’s principal stock exchange, SIX Swiss Exchange, has launched the trading of XRP ETP.

[Amun AG](<https://www.amun.com/en>), the firm behind the product, has announced that the Amun Ripple XRP ETP has launched on SIX under the ticker symbol “AXRP.”

“The Amun Ripple XRP Exchange Traded Product (ETP) seeks to track the investment result of XRP,” the [description](<https://amun.com/uploads/AXRP%20Factsheet%201%20Apr%202019.pdf>) reads.

Amun AG is a Swiss fintech company [backed](<https://www.amun.com/images/press-releases/pr6.pdf>) by Boost VC. Last year, it [listed](<https://www.businesswire.com/news/home/20181122005105/en/Amun-Crypto-Basket-Index-ETP-Lists-Swiss>) HODL, the world’s first physically backed ETP based on five leading cryptocurrencies (BTC, ETH, BTC Cash, XRP and Litecoin), which has become the top ETP on the Swiss Stock Exchange by volume.

Earlier this year, SIX has also [launched Bitcoin-based ETP](<https://www.six-group.com/exchanges/exchange_traded_products/trading/newlistings/2019/details_en.html?id=CH0454664001USD4>) last month under the ticker symbol “ABTC.”

Speaking to [CoinDesk](<https://www.coindesk.com/xrp-exchange-traded-product-goes-live-on-swiss-six-exchange>), Hany Rashwan, Co-Founder and CEO at Amun, said that the company aims to make investing in cryptocurrency “as easy as buying a stock.”

“We seek to create an easy, safe, and regulated way for investors to access the crypto asset class,” he said, adding that the Amun would continue adding ETP products.

“We plan on launching other strategies, more single asset ETPs, and more indices! We are planning on having 6–8 additional launches this year,” he added.

## Links in this article

- [Ethereum-based exchange-traded product](https://tokenpost.com/SIX-Swiss-Exchange-lists-Ethereum-based-ETP-1397)
- [Amun AG](https://www.amun.com/en)
- [description](https://amun.com/uploads/AXRP%20Factsheet%201%20Apr%202019.pdf)
- [backed](https://www.amun.com/images/press-releases/pr6.pdf)
- [listed](https://www.businesswire.com/news/home/20181122005105/en/Amun-Crypto-Basket-Index-ETP-Lists-Swiss)
- [launched Bitcoin-based ETP](https://www.six-group.com/exchanges/exchange_traded_products/trading/newlistings/2019/details_en.html?id=CH0454664001USD4)
- [CoinDesk](https://www.coindesk.com/xrp-exchange-traded-product-goes-live-on-swiss-six-exchange)