SIX Welcomes New ETP Issuer Iconic Funds

The SIX​ Swiss Stock Exchange, the world's leading marketplace for regulated crypto products, welcomes Iconic Funds as a new ETP issuer. Iconic Funds is the fourth crypto ETP issuer joining in 2021 and brings the number of crypto products offered for trading at SIX Swiss Exchange to 92.

With the new Iconic Funds Physical Bitcoin ETP – available in two trading currencies – investors now have a selection of 32 Bitcoin ETPs and structured products at SIX to choose from, while the number of ETP issuers rises to nine, following the recent arrival of ETC Group as well as CoinShares and SEBA Bank in the first four months of 2021.

"Investors looking for collateralised investment products granting access to crypto currencies increasingly turn to SIX. With its wide product offering, SIX is a world leader: 10 different single crypto currencies are accessible via ETPs and structured products on our platform. A warm welcome to Iconic Funds joining our issuer ranks and further expanding the product range," says Christian Reuss, Head SIX Swiss Exchange.

Iconic Funds GmbH is a joint-venture of Iconic Holding GmbH and publicly-listed Cryptology Asset Group Ltd. Launched in 2019, Iconic Funds' mission is to drive the adoption of crypto assets. As the bridge for investors to gain exposure to crypto assets, Iconic's licensed and regulated vehicles offer investors a menu of investment choices ranging from passive index exposure to actively-managed strategies. The Iconic Funds Physical Bitcoin ETP (XBTI) tracks the price of Bitcoin (BTC). The ETP is 100% physically backed by BTC and stored in cold storages of regulated crypto custodians with an additional third party insurance.