According to Swissquote, Swissquote has launched the first actively managed Bitcoin certificate. The company uses artificial intelligence and machine learning for its certificate. The technologies should minimize the volatility – and thus the risk – via an algorithm. This also takes into account the mood on social media.
“Even if we believe in the long-term success of the cryptocurrency, volatility represents a risk that is often considered too high by a normal investor,” quotes Swissquote’s Head of Market Strategy, Peter Rosenstreich. “The certificate gives ordinary investors regulated and transparent access to Bitcoin without having access to a Bitcoin platform with a Bitcoin wallet.”
Swissquote’s bitcoin certificate is traded in US dollars. The minimum investment amount is $ 1000, which also corresponds to the issue price of the certificate. The administrative costs amount to 1.5 percent per year plus transaction costs. There is no minimum holding period.
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