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Following the Merge, Pando Asset AG Debuts Bitcoin and Ethereum ETP

Following the Merge, Pando Asset AG Debuts Bitcoin and Ethereum ETP

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Following the successful conversion of Ethereum from Proof of Work to Proof of Stake on September 21, 2022, Pando Asset introduced two more crypto ETPs, PBTC and PETH, on SIX Swiss Exchange. Following the PNDS (multi-crypto ETP) listing in July this year, these two ETPs expand the range of products offered by Pando Asset.

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 two of the largest tokens in the cryptocurrency market.

The Ethereum merger, which reduced the network’s electricity consumption from a peak of 94 TWh per year to just 0.01 TWh after the merger, has been the most significant event and development of the year and a milestone in Ethereum’s history. However, this full transition to Proof of Stake has also given regulators reason to snoop on Ethereum as they look for an opportunity to classify it as a security token. However, this marks a new beginning for the Ethereum development ecosystem and a step towards an ESG-compliant future.

At the bottom of the “Buy the Rumor/Sell the News” drop, Pando Asset seized the opportunity to introduce a Bitcoin and Ether tracker fund as a symbolic tribute to the long-standing rumors.

Pando Asset will be participating in 2049 Singapore as a Gold Sponsorship Member next week. Headquartered in Crypto Valley Zug, Switzerland, the company was founded by a group of financial experts with in-depth knowledge and over ten years of experience in market making and asset management. Its goal is to offer customers centralized shopping and risk-free solutions for managing crypto assets.

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