The Swiss based fintech firm Amon, has developed an Exchange Traded Product (ETP), fully backed by Tezos (XTZ). The ETP is called AXTZ and every AXTZ is backed by 1 XTZ, which is held, secured and managed by the Coinbase Custody platform. Swiss traders with access to Switzerlands'main stock exchange SIX, now have the opportunity to invest in XTZ.
Amon already had ETP's for BTC, ETH, XRP, BCH and BNB. Amon also has a crypto index tracker called KEYS , tracking a selection of BTC, ETH, XRP, BCH, LTC, EOS, XLM, ADA, NEO and ETC.
Tezos is the first coin outside the top 7 marketcap that has it's own ETP. With Tezos on the 18th spot on coinmarketcap at time of writing, it's pretty telling Tezos made a good impression on Amon.
Exclusive for Tezos, is the fact they run Liquid PoS, which gives holders the opportunity to bake or delegate their XTZ and earn a yearly return in XTZ of about 5.5%. AXTZ holders will also profit from this return, which Amon describes on their website as:
The news is received well as Tezos is performing quite well today.