Introduction to the Vontobel Tracker Certificate
In a move that has many financial wizards buzzing, Vontobel has introduced a unique product for Swiss investors—allowing them to trade on the SIX Swiss Exchange without needing to get their hands dirty with actual Bitcoins. Now you can suit up in your best trading gear, sip on your Swiss hot chocolate, and dive into Bitcoin trading all at once!
The Basics of the Tracker Certificate
The Vontobel certificate on Bitcoin priced in USD functions as a classic tracker certificate (SSPA: 1300). What does that mean? It simply offers investors a streamlined way to ride the Bitcoin wave without actually owning the cryptocurrency itself. That’s right; you can now surf the Bitcoin tides from the safety of your bank!
Philipp Krall Speaks Out
Philipp Krall, Vontobel’s Director and Advisor, Financial Products, gave some enticing insights to Cointelegraph. He mentioned, “The idea of the product is to give investors the possibility to participate in the development of the Bitcoin price in USD…” Basically, if you think Bitcoin’s going places, here’s your chance to go along for the ride—minus the hassle of managing a digital wallet!
How It Works
The certificate comes with a two-year term and was designed for trading that started on July 15th, 2016, concluding on July 16th, 2018. During this window, investors can swap, buy, or sell these certificates at prevailing bid/offer prices. Just don’t forget to pack up your trading gear before the vacation is over!
Potential Impact on Bitcoin Prices
When asked about how this new product would affect Bitcoin prices, Krall noted that the influence “will most likely be very low.” However, with Vontobel’s impeccable track record, one can’t help but wonder how many innocent traders will suddenly turn into Bitcoin aficionados. Who knows? A little sprinkle of innovation might just do the trick!
Looking Ahead: The Future of Bitcoin Trading
As Vontobel continues to navigate the financial waters, it plans to monitor market trends closely. Depending on how investors respond to the tracker, they might roll out new products in the future. Buckle up, future traders—this could be just the beginning of your cryptocurrency journey!
