Switzerland’s largest stock exchange, SIX, has listed Tezos (XTZ) -based exchange-traded product (ETP). It was launched by Amun AG; Coinbase Custody acted as custodian of the underlying asset.
This is the first such product that allows investors to earn income from staking, says Amani AG CEO Hani Rashwan.
The company participates in the baking of new XTZs on behalf of customers and returns dividends to them. For asset management, Amun charges an annual fee of 2.5%.
The product is available for both institutional and retail investors. The stock price is $ 20.
ETP under the ticker AXTZ has become the ninth cryptocurrency product of Amun in the SIX listing. ETP based on Bitcoin, XRP, Bitcoin Cash, Ethereum, Binance Coin, as well as products based on baskets of digital assets are traded on the exchange.