Amun AG, the crypto startup behind the world’s first listed crypto index product, announced today that is has raised a $4 million seed round led by Graham Tuckwell, the first person to set up an exchange-traded fund tracking the price of gold.
Amun AG tells The Block that it plans to list an XRP ETP next which will trade under the ticker AXRP, with plans to list eight additional products in 2019. Additionally, Amun AG will release Onyx, a security token issuance platform by year's end. With Onyx, clients can issue “tokenized ETF and smart securities.” The firm has already signed on its first third-party client who will use Onyx to issue an ETF this summer.
Amun AG is most well-known for its Amun Crypto Basket ETP (ticker: HODL) which began trading on the Six Swiss Exchange in November 2018. Since then, the startup has issued ETPs for Ethereum and Bitcoin, which trade under ticker symbols AETH and ABTC, respectively.
According to data from the Six Swiss Exchange, the Amun Crypto Basket ETP is the most traded ETP by volume. However, those volumes are minuscule compared to larger exchange-traded products in the U.S. The SPDR Gold Shares ETF, for instance, has an average daily trading volume of $989 million, according to ETF.com.
According to a breaking report from CoinDesk, the verdict on the Bitcoin (BTC) exchange-traded fund (ETF) application from California-based crypto upstart Bitwise Asset Management has been delayed once again.
Brave is third, narrowly behind Google Chrome by Play Store rankings. Through a combination of innovative features including a native cryptocurrency, built-in privacy, and a streamlined experience, the app has been able to make headway in a well-entrenched industry.
United States $7 trillion investment firm Fidelity will reportedly roll out bitcoin (BTC) trading for institutional clients in the coming weeks, Bloomberg reported on May 6.
The Kraken exchange has followed several other exchanges in the decision to delist Bitcoin Cash SV (BSV), a move that has accelerated since Craig White’s decision to send legal notices to Twitter users and the likes of Vitalik Buterin and Peter McCormack.
The UK-based company is teaming up with the IOTA Foundation for an initiative that will catapult cryptocurrencies into the limelight.