Amun, a Switzerland-based digital asset investment firm, says its institutional clients have an appetite for more than just Bitcoin.

Laurent Kssis, managing director of ETFs at Amun, tells Coindesk that big time clients are showing interest in its exchange-traded product (ETP) connected to Binance Coin (BNB), the native utility token of leading cryptocurrency exchange Binance. 

The company is conducting several events to promote the BNB ETP product in London, Zurich, Milan and Scandinavia, and is holding discussions with more than 30 European institutional investors including hedge funds, family offices and various asset managers.

Says Kssis,

“[These are mainly] qualified investors who may have a mandate to allow exposure to crypto as part of a much broader portfolio of assets.”

Amun’s investment thesis says that Binance Coin was “in a prime position to be one of the best performing large cap crypto assets of the next twelve months.” Binance regularly burns portions of BNB’s circulating supply, which makes it an attractive investment for investors, argues Amun researcher Lanre Jonathan Ige.

Swiss stock exchange SIX currently lists the ETP, which was developed in collaboration with Binance and introduced in October of 2019. 

Amun introduced its first cryptocurrency-based ETP in October of last year, tracking the five largest digital assets by market capitalization. 

Follow us on Facebook           
Join us on Telegram            Follow us on Twitter



Check Latest News Headlines



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here