Following the successful conversion of Ethereum from Proof of Work to Proof of Stake on September 21, 2022, Pando Asset introduced two additional crypto ETPs, PBTC and PETH, on the SIX Swiss Exchange. Following their multi-crypto ETP (PNDS) listing in July of this year, these two ETPs expand the variety of products that Pando Asset offers.
The Crypto Pando Asset Pando Asset Crypto Ethereum ETP (PETH) and Bitcoin ETP (PBTC) track the performance of Bitcoin and Ethereum, respectively. Bitcoin and Ethereum serve as the sole and complete collateral for PBTC and PETH. They give investors access to the two biggest tokens in the cryptocurrency market.
The Ethereum Merge, which reduced the network’s power consumption from its peak of 94 TWh per year to just 0.01 TWh after the merge, has been the most significant event of the year and the most significant development and a milestone in Ethereum’s history. However, this full switchover to Proof of Stake has also given the regulators the cause to snoop around Ethereum in search of a chance to classify it as a security token. However, this marks a fresh beginning for the Ethereum development ecosystem and a step toward an ESG-compliant future.
At the bottom of the “buy the rumor/sell the news” dip, Pando Asset seized the chance and introduced the Bitcoin and Ether tracker fund as a symbolic tribute to long-term hodlers.
Pando Asset will participate in the 2049 Singapore as a Gold Sponsorship Member next week. The company, which has its headquarters in Crypto Valley Zug, Switzerland, was established by a group of financial experts with in-depth knowledge and more than ten years of market-making and asset management experience. Its goal is to offer clients one-stop shopping and risk-free solutions for managing crypto assets.