Swiss Bank offers Participation certificate on Bitcoin (like a mini ETF)

[leopard2]

Everyone discussing ETF...meanwhile, this Swiss bank created a derivative financial instrument that is based on BTC  

it is long  only, and based on 4500 BTC (45000 certificates with a 0.1 ratio), which the bank must either own or have a contract with somebody who does.

It is only a small volume but a huge step forward; this is not a toy:

Participation certificate on Bitcoin

https://zertifikate.vontobel.com/DE/Produkt/DE000VN5MJG9?ReturnUrl=%2fDE%2fblog%2fArtikel%2fbitcoin-f-rs-depot%3fWT.mc_id%3d37182&FromPath=Home--Blog--Blog+Details--

http://www.newsbtc.com/2016/07/04/vontobel-to-introduce-bitcoin-tracker-certificate-to-trade-on-swiss-exchange/

[str4wm4n]

very interesting. this is good news!

[jjacob]

very interesting. this is good news!

This is old news. The newsbtc article is dated July 2016.
If there is no frenzy around it even now, it probably hasn't taken off.

[_nur]

the bulls are back i'm seeing it on orderflow

[pooya87]

everyone is too busy with US ETF, and China PBoC crap and all the rest, and meanwhile Swiss is turning into a bitcoin haven silently and without many people noticing.

did you know you can buy bitcoin from literary every train station alongside buying ticket train!

[cakravothy]

if vontobel group or swiss bank can participate offers about bitcoin i think is very big news
bitcoin future all country in the world can follow regulated bitcoin, if SEC, ETF and swiss bank in regulated bitcoin

[maku]

This news is more than half year old. Do we have any following information? It seems that either this project died, or didn't developed at all.

There is small problem with local project like these, even when they are really amazing and progressive not enough people noticed it.

What is really important is Switzerland's stance on bitcoin, they are embracing it! Zug region is called cryptovalley, bitcoin ATM everywhere and Bitcoin friendly banking industry.

[leopard2]

very interesting. this is good news!

This is old news. The newsbtc article is dated July 2016.
If there is no frenzy around it even now, it probably hasn't taken off.

RUBBISH!!!!!!!!

If you had clicked the first link you would have noticed:

FIRST DAY OF TRADING ... 21st of November 2016

It is NOT a "project", this thing is trading at German and Swiss exchanges since 3 months.

......and it has appreciated 65% since then!! It obviously has taken off like a rocket.  

It is very significant because it is living proof that the Vinklevoss ETF is not alone  

[manselr]

I can see future ETF's being made for other coins too, why not for ETH? or Monero? we'll see. Of course BTC will always take the lead, but the more the better, money in volved in crypto helps BTC too.


Also Switzerland will become a retirement place for the future bitcoin millionaires, I can see it becoming a bitcoin haven.

[Richard Branson]

......and it has appreciated 65% since then!! It obviously has taken off like a rocket.  

Not sure if trolling or just plain retarded.

This is a certificate with a ratio of 10:1. It's linked to the bitcoin price.
If bitcoin goes up, the price of this "mini-etf" goes up as well.

[European Central Bank]

just goes to show that even if an etf passes, it might turn out to be a non event. there's been stuff like the kncminer etn around for ages now and you hear almost nothing about that.

[richardsNY]

just goes to show that even if an etf passes, it might turn out to be a non event. there's been stuff like the kncminer etn around for ages now and you hear almost nothing about that.

Let's hope that the Winklevoss brothers have organized their things in a better way since it is also in their benefit if it gets approved. It's interesting to see that so many people here think different about the importance of this ETF. If the market doesn't show any signs of action at the time it gets approved or disapproved, then it's clear that it indeed turns out to be a non event. Only time will tell...

[jofus]

everyone is too busy with US ETF, and China PBoC crap and all the rest, and meanwhile Swiss is turning into a bitcoin haven silently and without many people noticing.

did you know you can buy bitcoin from literary every train station alongside buying ticket train!

Ernst and Young in Switzerland announced they will start accepting BTC in 2017. That's  pretty huge considering they are on each of the biggest 4 accounting/financial services firms in the world.

https://www.herebits.com/2017/02/03/ernst-young-switzerland-to-accept-bitcoin-payments-in-2017/

[European Central Bank]

It's interesting to see that so many people here think different about the importance of this ETF. If the market doesn't show any signs of action at the time it gets approved or disapproved, then it's clear that it indeed turns out to be a non event. Only time will tell...

it's the echo chamber effect in action again. there a few people here with 401ks or whatever who'll put something in. many will prefer to hold their own coins.

can anyone point to a general investment forum where they're feverishly anticipating it? i'm guessing they can't.

it will be a bitcoin etf. that means there's still bitcoin involved and not enough people want it to ignite the explosion people are predicting. none of here count compared to all of 'them' out there.