• Latest
Crypto Asset Firm Amun Launches Inverse Bitcoin ETP

Crypto Asset Firm Amun Launches Inverse Bitcoin ETP

January 23, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

Crypto Asset Firm Amun Launches Inverse Bitcoin ETP

coinnewsdaily by coinnewsdaily
January 23, 2020
in Bitcoin
0
Crypto Asset Firm Amun Launches Inverse Bitcoin ETP
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022

Digital asset issuer Amun is launching a new financial product, this one for traders who predict bitcoin’s price will drop.

Announced Thursday, Switzerland-based Amun has launched the 21Shares Short Bitcoin ETP (SBTC) on the Swiss Stock Exchange (SIX), an exchange traded product tracking bitcoin’s price movements inversely.

If bitcoin’s price climbs, traders lose. If it falls, they win.

“If you’ve ever tried trading options or futures, you’ll see that it’s pretty difficult,” Amun CEO Hany Rashwan said in a phone interview. “It’s not the easiest thing which is why it’s just easier to say ‘I think bitcoin price will go down, I’m going to buy this stock.’”

Compared to entering short trade positions on bitcoin – wherein an investor expects the price to fall and bets against an asset’s value rising by buying and selling a position on loaned funds  – Amun’s Short Bitcoin ETP does not require loaned capital. 

Rather, the fund captures bitcoin’s price movement inversely in one stock purchase akin to a synthetic exchange traded note (ETN) comprised of short positions. Furthermore, all positions reset at the end of the trading day with performances not rolling over to the next day.

Rashwan noted the rise of crypto derivatives, particularly from lightly or completely unregulated exchanges, which are taking up to 99 percent of the bitcoin derivative market’s volume compared to legacy providers such as CME Group or ICE’s Bakkt. 

Indeed, crypto derivatives platform FTX traded some 2,405 options contracts traded on its inaugural day, Jan. 13, versus 54 options contracts on CME which opened the same day, according to financial publication Micky. Options on CME are constructed at 5 bitcoin per contract while FTX allows users to draft their own.

Responding to consumer demand, Rashwan said Amun has positioned itself to provide new forms of crypto exposure in just a few clicks. 

“We hope to bring the easiest and most regulated user experience to short or leverage crypto exposure and this is the first step towards that vision… You don’t have to figure out how to open and shut the contract. You don’t need to deal with what a perpetual swap is. Nothing of that sort. You just buy a stock,” Rashwan added.

Amun, with some $50 million in assets under management, offers 10 crypto-based ETP products on the Swiss SIX and Boerse Stuttgart. The firm recently garnered approval from the Swedish Financial Supervisory Authority (SFSA) to extend its offering into other European retail markets. 

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: BitcoinDigital Currency Groupfinancial productHany Rashwanmedia outletSwitzerland
Share76Tweet48
Previous Post

Law Firm Representing Quadriga’s Ex-Users Want Info About ‘Shadow Bank’ Crypto Capital

Next Post

Meet the Crypto Angel Investor Running for Congress in Nevada

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
Bitcoin

Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats

April 20, 2022
Load More
Next Post
Meet the Crypto Angel Investor Running for Congress in Nevada

Meet the Crypto Angel Investor Running for Congress in Nevada

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$21,407.00-0.04%
  • ethereumEthereum(ETH)$1,244.301.65%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$239.240.22%
  • rippleXRP(XRP)$0.366051-0.86%
  • cardanoCardano(ADA)$0.523.04%
  • SolanaSolana(SOL)$40.89-3.34%
  • dogecoinDogecoin(DOGE)$0.0709074.06%
  • polkadotPolkadot(DOT)$8.19-1.20%
  • Shiba InuShiba Inu(SHIB)$0.0000121.50%
  • daiDai(DAI)$1.00-0.12%
  • tronTRON(TRX)$0.064856-0.75%
  • leo-tokenLEO Token(LEO)$5.900.64%
  • matic-networkPolygon(MATIC)$0.612.03%
  • litecoinLitecoin(LTC)$58.382.95%
  • FTXFTX(FTT)$28.325.84%
  • chainlinkChainlink(LINK)$7.15-1.44%
  • OKBOKB(OKB)$12.990.32%
  • CronosCronos(CRO)$0.1295420.63%
  • stellarStellar(XLM)$0.125922-2.52%
  • cosmosCosmos Hub(ATOM)$8.43-0.43%
  • algorandAlgorand(ALGO)$0.348648-0.98%
  • moneroMonero(XMR)$130.272.82%
  • bitcoin-cashBitcoin Cash(BCH)$117.081.33%
  • ethereum-classicEthereum Classic(ETC)$16.47-0.26%
  • vechainVeChain(VET)$0.025906-0.55%
  • Internet ComputerInternet Computer(ICP)$6.13-2.56%
  • theta-tokenTheta Network(THETA)$1.46-0.60%
  • filecoinFilecoin(FIL)$6.15-0.91%
  • ElrondElrond(EGLD)$60.85-4.34%
  • tezosTezos(XTZ)$1.54-0.73%
  • bitcoin-cash-svBitcoin SV(BSV)$63.51-0.51%
  • eosEOS(EOS)$1.010.43%
  • AaveAave(AAVE)$70.76-4.43%
  • makerMaker(MKR)$1,063.022.00%
  • paxos-standardPax Dollar(USDP)$1.00-0.07%
  • huobi-tokenHuobi(HT)$5.42-2.87%
  • zcashZcash(ZEC)$68.12-1.56%
  • iotaIOTA(MIOTA)$0.304064-1.66%
  • zilliqaZilliqa(ZIL)$0.048701-2.45%
  • neoNEO(NEO)$9.901.10%
  • havvenSynthetix Network(SNX)$2.910.83%
  • wavesWaves(WAVES)$6.32-3.44%
  • basic-attention-tokenBasic Attention(BAT)$0.420004-3.03%
  • dashDash(DASH)$52.18-0.18%
  • PancakeSwapPancakeSwap(CAKE)$3.411.49%
  • KusamaKusama(KSM)$56.96-1.58%
  • nemNEM(XEM)$0.0438390.58%
  • CompoundCompound(COMP)$53.608.47%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.13-0.29%
  • ethlendAave [OLD](LEND)$4.103.48%
  • bitcoin-goldBitcoin Gold(BTG)$17.860.56%
  • omisegoOMG Network(OMG)$2.02-2.24%
  • golemGolem(GLM)$0.248180-1.31%
  • SushiSushi(SUSHI)$1.24-3.70%
  • yearn-financeyearn.finance(YFI)$6,893.15-0.48%
  • ontologyOntology(ONT)$0.246185-1.10%
  • umaUMA(UMA)$2.832.51%
  • digibyteDigiByte(DGB)$0.0112621.89%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....