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World’s First Physically Secured Cryptocurrency Bitcoin Just Launched

Hany Rashwan, CEO and co-founder of Amun: “The mission of our company is to make crypto investments as easy as buying stocks. After introducing the Amun Crypto Basket Index ETP (ticker: HODL) for the first time at the end of 2018, the launch of the Amun Bitcoin ETP is a further decisive step in this development.

With HODL for the Index and ABTC for the Single Bitcoin, we are giving investors around the world, through a regulated exchange and the traditional financial market, access to this innovative asset class. We plan to introduce more products in several regions. »

Amun AG, a Swiss fintech company, launches the world’s first physically secured crypto bitcoin ETP (ticker: ABTC, ISIN: CH0454664001), which provides access to the world’s most popular crypto currency. The Amun Bitcoin ETP is a fully collateralized product denominated in US dollars and has an annual investor fee of 2.5%.

Ophelia Snyder, Amun’s chief product officer and co-founder, said: “There is no comparable financial marketplace to our growing family of ETPs. In the world-wide expanding market of crypto systems, there are hardly any suitable financial instruments for the vast majority of investors.

With our first product, HODL, we found a solution to the lack of diversification, inadequate regulatory standards and limited tradability. Our second product, ABTC, offers investors the opportunity to buy a single coin ETP that has the advantage of a market maker that ensures liquidity.

In addition, a one hundred percent physical security is guaranteed. Our ETPs are very similar to each other, have the same key characteristics as a physical gold ETP and therefore appeal to a broad range of investors. ”

Mark Rodino, Amun’s Managing Director & Head of Global Distribution: “We are still living in uncertain times. Bitcoin can serve as a store of value and is therefore a good supplement to gold, the traditional store of value.

In addition, Bitcoin is not correlated with traditional asset classes and volatility has plummeted, which may be important to some investors. For other investors, we offer a stock-regulated, transparent and tradable ETP structure with high liquidity and narrow spreads. “

Published inCryptocurrenciesFintechTechnology

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