If we can’t wait for a Winklevoss Bitcoin ETF on BATS though have entrance to a marketplace in Switzerland, good news – we can really shortly start speculating on a cost of bitcoin. Zurich-headquartered tellurian private and investment banking organisation Vontobel has now turn a initial Swiss issuer to offer a tracker certificate on bitcoin.
The Vontobel certificate on bitcoin in USD is a classical tracker certificate (SSPA: 1300), traded transparently on a SIX Swiss Exchange. With this investment certificate, investors in Switzerland will so for a initial time be means to attend in BTC/USD trade but shopping a tangible underlying asset.
Vontobel explains that a certificate has a two-year term, and an focus has been submitted for acknowledgment to a SIX Swiss Exchange. This is theme to bitcoin being authorized as an underlying. The initial day of trade will be 15 Jul 2016, and a final regulating will be done on 16 Jul 2018. Between those dates, investors will be means to trade a Vontobel certificate on a delegate market, i.e. shopping or offered during a germane bid/offer prices.