Amun AG, a startup in Zug, Switzerland, has received a license from Swiss authorities to offer a new cryptocurrency exchange-traded product (ETP).An ETP is a blanket term to denote a security that derives its price from an underlying asset (e.g. a currency, commodity, stock) and is traded on a regulated stock exchange. It could refer to a number of exchange-traded investment options, including exchange-traded funds (ETF), exchange-traded commodities (ETC) and exchange-traded notes (ETN).Anum has referred to the instrument only as an ETP, and it’s unclear at this time whether or not it is characteristically an ETF, ETC or an ETN. Amun AG has stated that its ETP will be based on a collection of the top five most liquid crypto assets, which it refers to as “HODL5.” The currencies contained within the ETP will be bitcoin, ether, Ripple’s XRP, litecoin and bitcoin cash. The company will purchase cryptocurrency using cash from its customers. The assets will then be transferred into custodial hands, for which the company will charge management fees of roughly 2.5 percent.The fund also sources its pricing from the MVIS, an index for institutional-grade price tracking that was developed by VanEck.Amun’s CEO Hany Rashwan explains, “The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It ... For Further Information Click on Below Button