Unfortunately, as cryptocurrencies capitulated throughout the week, losing upwards of 15-20% of their value, so did the news cycle. However, it isn’t all doom and gloom, as there were still a handful of developments indicating that the crypto and blockchain industry is far from dead in the water.
After hinting at the product for two months, over the past seven days, it has been divulged that Amun, a London-based fintech firm, will be listing a multi-crypto exchange-traded product (ETP) in Switzerland. The vehicle, fittingly dubbed the “Amun Crypto ETP,” will track the crypto market’s five leading assets — Bitcoin, Ether, XRP, Litecoin, and Bitcoin Cash. Interestingly, while Amun has focused its product on Bitcoin, the undisputed godfather of all cryptocurrencies, the fund will give a relatively-hefty quarter portion to XRP and one-sixth to Ether.