The Pando Asset Crypto 6 ETP provides exposure to a basket of the six largest crypto assets by market cap.

Pando Asset makes its debut in the European market with an ETP comprising the following six cryptos: 39.6% bitcoin, 27.3% ethereum, 11.9% binance, 8.1% solana, 7.3% cardano and 6% polkadot. The ETP listed on the Swiss SIX Exchange and has a total expense ratio of 2%.

The ETP tracks the Vinter Pando Crypto Basket 6 index. It is reweighted based on asset returns, volatility, market cap and trading volume. If the target number of eligible constituents is not reached, Vinter can choose to include non-eligible assets in the benchmark.

Commenting on the launch, Junfei Ren, partner at Pando Asset, said: “Pando Asset’s mission is to allow investors to safely, easily, and efficiently participate in crypto assets without worrying about the storage of private key risks and systematic security issues.”

Jacob Lindberg, CEO of Vinter, added: “We hope that products such as the ETP will continue to bridge the gap between crypto as an asset class and those institutions that seek to invest in it.”

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