As Cointelegraph reported in March, the exchange had already confirmed that it was planning to list the product, dubbed Amun Ripple (AXRP). Hany Rashwan, co-founder and CEO of Amun — the cryptocurrency derivative development company behind AXRP — at the time claimed that this is the first such product on the market:
“We can comfortably say that we expect to release the world’s first XRP ETP within the next two months.”
Furthermore, Rashwan also told media that the company has also received SIX’s approval to launch four more ETPs for other altcoins — Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM) and Eos (EOS). In November last year, SIX also listed what was reportedly the world’s first ETP tracking an index of multiple crypto assets, based on Bitcoin (BTC), Ripple, Ethereum (ETH), BCH and LTC.
As Cointeledgraph noted in a dedicated analysis in December, those developments are seemingly part of a broader trend, which sees the United States being left behind where cryptocurrency ETPs are concerned, as compared to Europe.