Swiss Companies Launch Bitcoin Futures to Cater to Investor Demand

New Products from Switzerland’s Vontobel and Leonteq Securities

Swiss finance is taking a bold step into the cryptocurrency realm! Vontobel and Leonteq Securities AG are rolling out separate futures products that allow investors to place their bets against the leading cryptocurrency, Bitcoin. How exciting is that? Right in the middle of what seems like a digital gold rush, institutional investors are becoming increasingly intrigued by novel digital currency products.

Vontobel: Mini Futures for the Traditional Investor

According to a report by Reuters, Vontobel is gearing up to introduce two mini futures products slated for launch on the SIX Exchange in mid-November 2017. These mini futures aren’t just your average run-of-the-mill derivatives; they represent a fraction of the value of standard futures. It’s like downsizing your luxurious car but still getting to drive in style!

Eric Blattmann, the company’s Head of Public Distribution of Financial Products, assured us that these new offerings are specifically designed to meet the growing demand for more varied options among traditional investors dabbling in cryptocurrency trading. He noted,

“We have seen big demand for our long tracker certificate from investors interested in playing the upside potential of Bitcoin and now they have also the possibility to hedge their position or go short.”

Leonteq Securities: Adding to the Futures Mix

On the other side of the Swiss finance coin, Leonteq Securities AG has also announced plans to introduce its own Bitcoin futures product, boasting a two-month maturity. Also in the works for the SIX Exchange, this offering allows customers to engage with Bitcoin in a manner that fits their investment style.

Leonteq’s Head of Public Solutions, Manuel Dürr, enthusiastically shared that the feedback from clients has been “extremely positive.” He added,

“Clients do very much appreciate the possibility of choosing between a long or a short investment in Bitcoin.”

The Institutional Interest in Digital Currency

The launches from Vontobel and Leonteq come at a time when institutional investors are eyeing virtual currency products like hawks. The buzz is growing, and it’s getting harder to ignore. In fact, the US derivatives marketplace operator CME Group has recently announced its plans to launch a Bitcoin futures product. Meanwhile, Ledger X from New York is already ahead of the curve, currently offering live cryptocurrency futures trading.

Conclusion: What Does This Mean for Bitcoin?

As these Swiss companies step into the ring with their new Bitcoin futures offerings, one might wonder what this means for the cryptocurrency market. With more traditional investors entering the crypto scene, it could signal a shift towards mainstream acceptance and an increase in trading volume. In the world of finance, change is always in motion, and the entry of institutional investors could be just the tip of the iceberg!