Bitcoin Tracker Certificate Issued on Swiss Exchange

Bitcoin Tracker Certificate Issued on Swiss Exchange


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Zurich-based private and investment banking firm Vontobel has become the first Swiss issuer to offer a tracker certificate on bitcoin.

Global private and investment banking institution Vontobel will become the first Swiss issuer to offer a bitcoin tracker certificate for subscription.

Based on a classic tracker certificate (SSPA: 1300), the newly announced certificate on Bitcoin in USD will enable investors with a more streamlined, efficient way to invest in bitcoin. For the first time, investors in Switzerland can participate in bitcoin price development against the USD, as a result of the certificate.

The application for the certificate has been submitted for admission to the SIX Swiss Exchange and has a two-year term, Vontobel revealed. The application is subject to the approval of bitcoin as an underlying asset.

July 15, 2016, will be the first day of trading while the final fixing date will be made on July 16, 2018. Investors

Read more ... source: TheBitcoinNews

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