What is the Vontobel Bitcoin Certificate?

Various financial institutions are looking for ways to make Bitcoin investing accessible to mainstream investors. That is difficult due to [the lack of] regulatory measures. Vontobel, a Swiss institution, introduced their Bitcoin tracker certificate in July of 2016. Let’s take look at what this product is all about and how it can affect the future value of Bitcoin.
Vontobel’s Bitcoin Certificate is a Mainstream Tool
Mainstream investors will not buy cryptocurrency from an exchange or a Bitcoin ATM. Instead, they will look for OTC trading opportunities, or even use dark pools to place large orders not linked to a public order book. The one downside to doing so is how investors are directly exposed to price volatility, which is something most people prefer to avoid for obvious reasons.
Several initiatives have been launched to introduce Bitcoin to mainstream investors through traditional investment vehicles. The Bitcoin ETFs are by far the best-known examples, although none of them have a good chance to succeed right now. The SEC will likely not approve an official Bitcoin ETF. There is a huge lack of regulation, and it will take months, if not years until that situation changes.
Vontobel, a Swiss company, has tried doing things a bit differently. In July of 2016, they became the first Swiss issuer to offer a tracker certificate on Bitcoin. Any investor who this Bitcoin’s future is bullish can participate in investing through a traditional financial vehicle. Vontobel’s Bitcoin certificate is publicly traded on the SIX Swiss Exchange. The world will need more offerings like these, as there is a lot of capital waiting to venture into cryptocurrency through traditional solutions.
The Vontobel certificate on Bitcoin is denominated in US Dollar and keeps track of the Bitcoin price in USD. Investors can purchase this investment certificate to invest in Bitcoin indirectly. Not being exposed to price volatility directly and still being able to reap all of the potential profits makes the Vontobel Bitcoin certificate an intriguing investment. Every certificate is valid for two full years, which means it is a longer term investment.
Given Bitcoin’s price surge throughout late 2016 and early 2017, the Vontobel Bitcoin certificate has helped Swiss investors profit nicely. Bitcoin’s momentum is far from over, and the price may even hit $5,000 in the next year or so. The prospects of the future Bitcoin price are looking good. This also means investment opportunities such as Vontobel’s Bitcoin certificate will become more appealing to mainstream traders and investors.
At the time of writing, the VONCERT on Bitcoin was valued at $2,677, which is around $120 above the actual Bitcoin market price. It is not uncommon for these traditional investments linked to Bitcoin to include a slight premium to the global market average. In all markets, investors have to pay a premium for the convenience.
About The Author
JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.
Sounds like a great idea. I wish banks would offer this. I would buy this through a bank! I would also lend out Bitcoin to a bank – still waiting for Local Banks to offer this service!
You can. via your broker with the xbt provider bitcoin etn
SE0007525332 and can put it in your sipp
Really in Australia ?
Check your broker if he has access to European markets, it is that simple
Banks will try to come up with a way to fractional reserve bticoin.
Not in the near future.
However i do see the need to regulate ICO ther are a disaster waiting to happen…
This seems absolutely ridiculous. I would rather invest directly. It makes sense.
You’re Trading access for a substitute of the thing you really want.
That is what certificate are there to do, to remove the problems you encounter having to go through the complex process of registrating with an crypto exchnage: here you go simply with your broker and you can even put it in your sipp!
Smart move : you buy Bitcoin in one click instead of using geek addict software/platform/hardware.
You r fylly KYC compliant,u pay all taxes on your benefits.
U do not have to care about beeing compliant because this way u r part of a fully compliant financial system.
And this open the door to BIG money.
Bad stuff for u guys : u r nothing comparing to this upcoming tsunami.
Miners do not care about your voice, as such big bitcoin companies. Now Wall Street will have a grip on crypto.
Buy bye early adopters, time 4 big players. You’re out!
But won’t people like myself who have 1 bitcoin still be ok?
There is already a certificate with long term investment ie no maturity!! The vontobel expires next year 2018! The xbt provider bitcoin etn certificate has no maturity and runs on an orderly exchange with depth of market orders! Its traded in euro and sek , so much better than this certificate. With $100m in asset its is by far the better exchange traded bitcoin product than the swiss one!!
Vontobel Bitcoin Tracker Certificate Gaining Popularity in Switzerland
A Swiss investment certificate that tracks the price of bitcoin is gaining popularity with investors. The Vontobel bitcoin certificate is one of the most-traded structured products on Switzerland’s largest stock exchange, according to a local publication.
Strong Demand for Bitcoin Tracker Certificates
The Vontobel bitcoin tracker certificate was launched in 2016 and is listed on Switzerland’s largest stock exchange, the Six Swiss Exchange. Since its launch, the firm saw “considerable demand” for the tracker certificate and subsequently raised its issue size a couple of times. On Thursday, a Swiss/German-language daily newspaper published by the NZZ Media Group, the Neue Zürcher Zeitung, reported:
The certificate is a success: On many days it is the most traded structured product on the Swiss stock exchange. The initially small issue volume of the certificate with a term of two years was quickly increased to CHF 20 million and now increased to CHF 40 million.
The product trades under the symbol ZXBTUV with bitcoin priced in USD as the underlying asset. The certificate has a two-year term. The first day of trading was on July 15, 2016, and the last day of trading will be on July 16, 2018. “Between those dates, investors will be able to trade the Vontobel certificate on the secondary market, i.e. buying or selling at the applicable bid/offer prices,” the firm explained. Roger Studer, Head of Vontobel Investment Banking, said this bitcoin certificate “will for the first time give investors a simple and transparent means of investing in bitcoins on the Six Swiss Exchange.” Redemption is in cash, equal to the price of bitcoin at the certificate’s maturity.
Attraction to Vontobel Bitcoin Tracker Certificates
Established in 1924, Swiss private bank Vontobel specializes in wealth and asset management for private clients and institutional investors. With 21 international locations, the firm also offers investment and private banking services. At the end of 2016, it held CHF 195 billion of client assets.
Citing the complexity of acquiring digital currencies, the Neue Zürcher Zeitung wrote that “there are a lot of questions to ask the potential investor such as: what crypto you should buy, should you do it directly on a stock exchange or with a broker, do you need a web wallet for the coins, and what to do with the elliptical code.”
These questions are why bitcoin tracker certificates and similar standardized investment products are welcomed by Swiss investors, the publication quoted an asset manager saying. Investors in Switzerland feel that trading bitcoins with a Swiss bank carries a significantly smaller risk, he continued, adding that “one does not have to invest on a bitcoin platform, which many asset managers consider unsafe.”
Meanwhile, two other bitcoin tracker certificates are also gaining popularity globally. Bitcoin Tracker One and Bitcoin Tracker Eur issued by XBT Provider recently announced having achieved $100 million in assets under management, due to “rapidly escalating” demand from investors. This announcement followed the two products’ listing by Britain’s largest broker, Hargreaves Lansdown.
Would you invest in Vontobel bitcoin tracker certificates? Let us know in the comments section below.
Images courtesy of Shutterstock and Vontobel
Need to calculate your bitcoin holdings? Check our tools section.
Mit flatex Zertifikat auf Bitcoin Kurs spekulieren

Es hätte fast gar nicht besser kommen können für die Einführung des flatex Bitcoin Zertifikats. Im Dezember starteten sowohl die CBOE als auch die weltgrößte Terminbörse CME die Einführung eines Futures auf Bitcoin. Ende dieser Woche fiel der Bitcoin Kurs dann stark vom Hoch bei circa 20.000 Dollar in der Spitze auf unter 11.000 Dollar ab. Ein Crash von beinahe 50 Prozent. Wieso ist dieses Ereignis günstig für das neue Bitcoin Zertifikat? Mittlerweile steht der Kurs der Kryptowährung wieder bei über 14.000 Dollar. Möglicherweise wurden einfach nur viele Gewinne mitgenommen und jetzt wird der Aufwärtstrend wieder aufgenommen. Mit dem neuen flatex Zertifikat auf Bitcoin können Anleger einfach und ohne Hindernisse wie Wallet oder das Registrieren an einer Krypto-Börse vom Krypto-Boom profitieren. Gleichzeitig haben Zertifikate kein so großes Verlustrisiko wie der CFD Handel von Bitcoin, zumindest nicht in der „Schnelligkeit" von Verlusten. Bei beiden ist natürlich das Risiko eines Totalverlustes gegeben. Was das Besondere an dem Krypto-Zertifikat ist und was Anleger dabei beachten sollten, erklärt dieser Artikel.
WEITER ZU FLATEX: www.flatex.de
Hintergrundinfos zum neuen Bitcoin Zertifikat von Vontobel
Das neue Bitcoin Zertifikat funktioniert genauso wie jedes andere Open-End-Partizipationszertifikat auch. Der Emittent ist dabei die Vontobel Bank aus der Schweiz. Unsere Recherchen haben ergeben, dass das Wertpapier natürlich nicht nur bei flatex gehandelt werden kann, sondern auch bei jedem anderen Online Broker. Schließlich ist das Zertifikat börsennotiert. Allerdings war flatex nach eigenen Angaben der erste Broker in Deutschland, der den Handel mit dem Bitcoin Wertpapier ermöglichte. Außerdem, so die Aussage von flatex Mitarbeitern, wurde das Produkt gemeinsam von flatex und Vontobel entwickelt. Da die Emission laut dem Unternehmen FinTech Group AG, der Muttergesellschaft der flatex GmbH, am 21. Dezember diesen Jahres war, war der Vorsprung jedoch nur sehr kurz. Denn spätestens einen Tag danach, konnten auch Kunden anderer Broker das Zertifikat bei ihrem Anbieter handeln. Dennoch erweist sich flatex hier in gewisser Weise als Innovationsführer.

Bei flatex das neue Partizipationszertifikat auf den Bitcoin für nur 3,90€ flat handeln.
Übrigens ist der Broker ohnehin für „Innovationen" bekannt, manchmal auch in negativer Hinsicht. So war es zum Beispiel flatex, der als erster Online Broker einen Negativzins auf Gelder auf dem Verrechnungskonto einführte. Allerdings gibt es auch viele positive Innovationen zu berichten. Eine besondere Trading Aktion war beispielsweise, dass Händler anstatt Gebühren auf Orders zahlten, je einen Euro Bonus pro Trade bekommen. Doch kommen wir jetzt wieder zurück zum Bitcoin Zertifikat. Im Folgenden wollen wir kurz die Vor- und Nachteile gegenüberstellen. Dabei wollen wir nicht auf die allgemeinen Chancen und Risiken von Bitcoin eingehen, die sind hinlänglich bekannt. Wenn nicht, dann können sie hier nachgelesen werden. Vielmehr zeigen wir die Vor- und Nachteile des Vontobel Bitcoin Zertifikats auf.
- Einfache Geldanlage in Bitcoin
- Ohne Umwege wie Wallet oder Krypto-Account
- Börsentäglich handelbar
- Wird direkt in Euro abgerechnet
- Ohne Laufzeitbeschränkung
- Bezugsverhältnis von 1:10
- Keine Knock-Out Schwelle
- Keine laufenden Kosten im Zertifikat
WEITER ZU FLATEX: www.flatex.de
Der wohl größte Vorteil besteht darin, dass Anleger ohne technisches Hintergrundwissen oder Aufwand in Bitcoin investieren können. Da der Kauf genauso funktioniert, wie bei jedem anderen Wertpapier auch, bedarf es hier nicht vieler Worte. Die Abrechnung erfolgt dabei wie gewohnt über das Verrechnungskonto. Die Kosten und Gebühren für den Kauf richten sich nach dem Preisverzeichnis des Brokers. Bei flatex kann das Wertpapier bereits ab 3,90 Euro Festpreis gehandelt werden. Vorteilhaft ist auch, dass das Bezugsverhältnis 1:10 beträgt. Das bedeutet, dass ein Anleger mit 10 Zertifikaten den Wert eines Bitcoins abdeckt. Vorteilhaft ist das insoweit, da der Bitcoin Kurs aktuell circa 14.000 Dollar beträgt. Wäre das Bezugsverhältnis 1:1 würde ein Zertifikat 14.000 Dollar kosten. Das Vontobel Bitcoin Zertifikat ist ein Open-End-Zertifikat, sprich, es hat keine Laufzeitbeschränkung.
Es handelt sich außerdem um ein klassisches Partizipationszertifikat. Das heißt, es gibt keine Knock-Out Schwelle wie bei einem Hebelzertifikat, bei der das Wertpapier wertlos verfallen würde. Ein Totalverlust würde der Anleger demnach erst erleiden, wenn der Wert des Bitcoins und damit auch des Zertifikats bei 0 stehen würde, von einer Insolvenz des Emittenten einmal abgesehen.
- Neben allgemeinem Kursrisiko existiert auch ein Fremdwährungsrisiko, da Bitcoin in USD gehandelt wird
- Nur an Börsentagen handelbar; Bitcoin selbst kann 24/7 gehandelt werden
- Emittentenrisiko, im klassischen Bitcoin-Handel gibt es kein Emittentenrisiko
- Bisher nur Long-Zertifikat, keine Absicherungsmöglichkeiten
- Es können keine Bruchteile von Zertifikaten gehandelt werden; bei Bitcoin an sich schon
- Spread von fast 4 Prozent
An dieser Stelle haben wir auch das Fremdwährungsrisiko aufgeführt. Natürlich wird der Bitcoin auch in Euro gehandelt. Doch die Referenzbörsen an denen sich das Zertifikat orientiert, rechnen die Kryptowährung in US-Dollar ab, dazu weiter unten mehr. Da das Zertifikat jedoch auf Euro lautet, haben Anleger die Chance auf Fremdwährungsgewinne oder das Risiko von Fremdwährungsverlusten. Aufgrund der extrem starken Schwankung (Volatilität) des Basiswertes an sich, spielt dieser Faktor jedoch nur eine untergeordnete Rolle.
Was wir als Nachteil empfinden ist die Tatsache, dass das Wertpapier „nur" an Börsentagen gehandelt werden kann. Das ist natürlich völlig normal, doch der Basiswert an sich wird 24/7 gehandelt. Ähnlich wie bei Zertifikaten auf Währungen, können Anleger damit zum Teil nicht auf Nachrichten reagieren. Da es sich bei einem Zertifikat um eine Inhaberschuldverschreibung handelt, besteht auch ein Verlustrisiko bei einer Insolvenz der Vontobel Bank. Die aktuellen Ratings der Bank verraten jedoch derzeit keine Gefahr. Wir führen dieses Risiko deshalb hier an, da das Zertifikat keine Besicherung und lediglich einen Barausgleich vorsieht, anders als beispielsweise bei Goldgedeckten Zertifikaten.

Entwickelt wurde das Bitcoin Wertpapier zusammen von flatex und Vontobel.
Welcher Bitcoin Kurs wird beim Zertifikat zugrunde gelegt?
Bei Bitcoin gibt es ja nicht wie beim DAX eine Referenzbörse, die den Wert laufend oder zumindest täglich berechnet. Daher müssen Emittenten bei Produkten auf Bitcoin auf Alternativen ausweichen. Im Falle von Vontobel greift die Bank auf die Börsen Kraken Bitcoin Exchange und CoinBase zurück. Aus den Kursen dieser beiden Börsen bildet Vontobel einen Mischkurs. In den Bedingungen des Wertpapiers ist zu lesen, dass der Anbieter aber bei Bedarf auch auf andere Börsen ausweichen kann, die Anzahl der „Referenzbörsen" ist dabei nicht festgelegt. Allerdings sollten mindestens fünf Prozent des weltweiten Handels der jeweiligen Kryptowährung über diesen Handelsplatz abgewickelt werden. Als Grundlage werden die Daten der vergangenen 30 Tage herangezogen.
WEITER ZU FLATEX: www.flatex.de
flatex überzeugt wieder mal
Zwar machte flatex mit der Einführung von Strafzinsen auf dem Verrechnungskonto negative Schlagzeilen. Doch im Großen und Ganzen ist der Online Broker dennoch weiterhin eine der Top Adressen im Tradingbereich. Zwar kann das Bitcoin Partizipationszertifikat auch bei anderen Brokern gekauft werden, so auch bei unserem Aktiendepot Testsieger DEGIRO. Allerdings entstand die Idee und Umsetzung als Gemeinschaftsprojekt von flatex und Vontobel. Daher können wir flatex ebenfalls uneingeschränkt als Anbieter empfehlen. Anleger handeln dieses Wertpapier dort für nur 3,90 Euro Festpreis. Die Flatrate im Trading ermöglicht damit eine exakte Kalkulation der Tradinggebühren. In unserem flatex Depot Test konnten wir dem Broker ebenfalls Bestnoten bescheinigen, 10 von 10 Punkten.
Darum empfehlen wir flatex
- Kostenloses Depot und Verrechnungskonto (allerdings Negativzinsen auf Guthaben auf dem Verrechnungskonto)
- Keine Mindesteinlage
- Ständig wechselnde attraktive Tradingaktionen
- Schon ab 0,- Euro handeln
- Festpreismodelle
- Keine Limitgebühren
- Moderne Handelsplattform
- Top Broker App für Android und iOS

Über flatex select kostet der Bitcoin Handel lediglich 3,90€.
Fazit: Mit Bitcoin Zertifikat einfach am Kurs partizipieren
Mit dem neuen Bitcoin Zertifikat von Vontobel in Zusammenarbeit mit flatex, können Anleger sehr einfach am Bitcoin Kurs partizipieren. Das Zertifikat bildet den Bitcoin Kurs im Maßstab 1:10 ab. Als Grundlage für den Kurs werden die Kursstellungen der Börsen Kraken Bitcoin Exchange und CoinBase herangezogen. Selbstvertsändlich tragen Anleger auch in gewisser Weise ein Fremdwährungsrisiko, da das Zertifikat in Euro abgerechnet wird. Aufgrund der starken Volatilität im Basiswert, scheint dieses jedoch fast vernachlässigt werden zu können. Zwar tragen Händler ebenfalls das Risiko eines Totalverlustes. Ein Totalverlust tritt jedoch erst dann ein, wenn der Bitcoin Kurs auf 0 fällt.
Das Bitcoin Partizipationszertifikat wurde zwar in Kooperation von flatex entwickelt, kann jedoch auch bei jedem anderen Broker aus unserem Aktiendepot Vergleich gehandelt werden.
What is the Vontobel Bitcoin Certificate?


Various financial institutions are looking for ways to make Bitcoin investing accessible to mainstream investors. That is difficult due to [the lack of] regulatory measures. Vontobel, a Swiss institution, introduced their Bitcoin tracker certificate in July of 2016. Let’s take look at what this product is all about and how it can affect the future value of Bitcoin.
Vontobel’s Bitcoin Certificate is a Mainstream Tool
Mainstream investors will not buy cryptocurrency from an exchange or a Bitcoin ATM. Instead, they will look for OTC trading opportunities, or even use dark pools to place large orders not linked to a public order book. The one downside to doing so is how investors are directly exposed to price volatility, which is something most people prefer to avoid for obvious reasons.
Several initiatives have been launched to introduce Bitcoin to mainstream investors through traditional investment vehicles. The Bitcoin ETFs are by far the best-known examples, although none of them have a good chance to succeed right now. The SEC will likely not approve an official Bitcoin ETF. There is a huge lack of regulation, and it will take months, if not years until that situation changes.
Vontobel, a Swiss company, has tried doing things a bit differently. In July of 2016, they became the first Swiss issuer to offer a tracker certificate on Bitcoin. Any investor who this Bitcoin’s future is bullish can participate in investing through a traditional financial vehicle. Vontobel’s Bitcoin certificate is publicly traded on the SIX Swiss Exchange. The world will need more offerings like these, as there is a lot of capital waiting to venture into cryptocurrency through traditional solutions.
The Vontobel certificate on Bitcoin is denominated in US Dollar and keeps track of the Bitcoin price in USD. Investors can purchase this investment certificate to invest in Bitcoin indirectly. Not being exposed to price volatility directly and still being able to reap all of the potential profits makes the Vontobel Bitcoin certificate an intriguing investment. Every certificate is valid for two full years, which means it is a longer term investment.
Given Bitcoin’s price surge throughout late 2016 and early 2017, the Vontobel Bitcoin certificate has helped Swiss investors profit nicely. Bitcoin’s momentum is far from over, and the price may even hit $5,000 in the next year or so. The prospects of the future Bitcoin price are looking good. This also means investment opportunities such as Vontobel’s Bitcoin certificate will become more appealing to mainstream traders and investors.
At the time of writing, the VONCERT on Bitcoin was valued at $2,677, which is around $120 above the actual Bitcoin market price. It is not uncommon for these traditional investments linked to Bitcoin to include a slight premium to the global market average. In all markets, investors have to pay a premium for the convenience.
Vontobel Bitcoin Tracker Certificate Gaining Popularity in Switzerland

A Swiss investment certificate that tracks the price of bitcoin is gaining popularity with investors. The Vontobel bitcoin certificate is one of the most-traded structured products on Switzerland’s largest stock exchange, according to a local publication.
Strong Demand for Bitcoin Tracker Certificates
The Vontobel bitcoin tracker certificate was launched in 2016 and is listed on Switzerland’s largest stock exchange, the Six Swiss Exchange. Since its launch, the firm saw “considerable demand” for the tracker certificate and subsequently raised its issue size a couple of times. On Thursday, a Swiss/German-language daily newspaper published by the NZZ Media Group, the Neue Zürcher Zeitung, reported:
The certificate is a success: On many days it is the most traded structured product on the Swiss stock exchange. The initially small issue volume of the certificate with a term of two years was quickly increased to CHF 20 million and now increased to CHF 40 million.
The product trades under the symbol ZXBTUV with bitcoin priced in USD as the underlying asset. The certificate has a two-year term. The first day of trading was on July 15, 2016, and the last day of trading will be on July 16, 2018. “Between those dates, investors will be able to trade the Vontobel certificate on the secondary market, i.e. buying or selling at the applicable bid/offer prices,” the firm explained. Roger Studer, Head of Vontobel Investment Banking, said this bitcoin certificate “will for the first time give investors a simple and transparent means of investing in bitcoins on the Six Swiss Exchange.” Redemption is in cash, equal to the price of bitcoin at the certificate’s maturity.
Attraction to Vontobel Bitcoin Tracker Certificates
Established in 1924, Swiss private bank Vontobel specializes in wealth and asset management for private clients and institutional investors. With 21 international locations, the firm also offers investment and private banking services. At the end of 2016, it held CHF 195 billion of client assets.
Citing the complexity of acquiring digital currencies, the Neue Zürcher Zeitung wrote that “there are a lot of questions to ask the potential investor such as: what crypto you should buy, should you do it directly on a stock exchange or with a broker, do you need a web wallet for the coins, and what to do with the elliptical code.”
These questions are why bitcoin tracker certificates and similar standardized investment products are welcomed by Swiss investors, the publication quoted an asset manager saying. Investors in Switzerland feel that trading bitcoins with a Swiss bank carries a significantly smaller risk, he continued, adding that “one does not have to invest on a bitcoin platform, which many asset managers consider unsafe.”
Meanwhile, two other bitcoin tracker certificates are also gaining popularity globally. Bitcoin Tracker One and Bitcoin Tracker Eur issued by XBT Provider recently announced having achieved $100 million in assets under management, due to “rapidly escalating” demand from investors. This announcement followed the two products’ listing by Britain’s largest broker, Hargreaves Lansdown.
Would you invest in Vontobel bitcoin tracker certificates? Let us know in the comments section below.
Images courtesy of Shutterstock and Vontobel
Need to calculate your bitcoin holdings? Check our tools section.
Apa itu Sertifikat Bitcoin Vontobel?
Berbagai lembaga keuangan mencari cara untuk membuat investasi Bitcoin dapat diakses oleh investor utama. Itu sulit karena [kurangnya] peraturan. Vontobel, sebuah institusi di Swiss, memperkenalkan sertifikat pelacak Bitcoin mereka pada bulan Juli 2016. Mari kita lihat apa produk ini dan bagaimana hal itu dapat mempengaruhi nilai Bitcoin di masa depan.
Sertifikat Bitcoin Vontobel Adalah Alat Mainstream
Investor tidak membeli cryptocurrency dari bursa atau ATM Bitcoin. Sebaliknya, mereka akan mencari peluang perdagangan OTC, atau bahkan menggunakan kolam gelap untuk menempatkan pesanan besar yang tidak terkait dengan buku pesanan publik. Satu-satunya kelemahan untuk melakukannya adalah bagaimana investor secara langsung terkena volatilitas harga, yang merupakan sesuatu yang kebanyakan orang lebih suka hindari karena alasan yang jelas.
Beberapa inisiatif telah diluncurkan untuk mengenalkan Bitcoin kepada investor utama melalui kendaraan investasi tradisional. ETF Bitcoin sejauh ini merupakan contoh yang paling terkenal, walaupun tidak ada satu pun dari mereka yang memiliki kesempatan bagus untuk berhasil saat ini. SEC kemungkinan tidak akan menyetujui ETF Bitcoin resmi. Ada banyak peraturan, dan akan memakan waktu berbulan-bulan, jika tidak bertahun-tahun sampai situasi itu berubah.
Vontobel, perusahaan Swiss, telah mencoba melakukan hal-hal sedikit berbeda. Pada bulan Juli 2016, mereka menjadi penerbit Swiss pertama yang menawarkan sertifikat pelacak di Bitcoin. Sertifikat Bitcoin Vontobel diperdagangkan di Bursa Swiss SIX. Dunia akan membutuhkan lebih banyak persembahan seperti ini, karena ada banyak modal yang menunggu untuk terjun ke dalam kripto melalui solusi tradisional.
Sertifikat Vontobel pada Bitcoin didenominasi dalam Dolar AS dan mencatat harga Bitcoin dalam USD. Investor dapat membeli sertifikat investasi ini untuk berinvestasi di Bitcoin secara tidak langsung. Tidak terpapar pada volatilitas harga secara langsung dan masih bisa menuai semua potensi keuntungan, membuat sertifikat Vontobel Bitcoin menjadi investasi yang menarik. Setiap sertifikat berlaku selama dua tahun penuh, yang berarti investasi jangka panjang.
Dengan lonjakan harga Bitcoin sepanjang akhir 2016 dan awal 2017, sertifikat Vettobel Bitcoin telah membantu investor Swiss memperoleh keuntungan dengan baik. Momentum Bitcoin masih jauh dari selesai, dan harganya bahkan bisa mencapai $5000 di tahun depan. Prospek harga Bitcoin masa depan terlihat bagus. Ini juga berarti peluang investasi seperti sertifikat Bitcoin Vontobel akan menjadi lebih menarik bagi pedagang dan investor mainstream.
Pada saat penulisan, VONCERT on Bitcoin dihargai $ 2,677, yaitu sekitar $120 di atas harga pasar Bitcoin yang sebenarnya. Hal ini tidak biasa untuk investasi tradisional terkait dengan Bitcoin untuk memasukkan sedikit premi ke rata-rata pasar global. Di semua pasar, investor harus membayar premi untuk kenyamanan.
Vontobel issues first bitcoin certificate on Swiss Exchange
Vontobel has become the first Swiss issuer to offer a tracker certificate on bitcoins for subscription. Investors who expect a positive development in the bitcoin price can now for the first time participate in this performance with a product that can be traded simply and transparently on the SIX Swiss Exchange.
The Vontobel certificate on Bitcoin in USD is a classic tracker certificate (SSPA: 1300) that offers investors a simple means of investing in bitcoin. With this investment certificate, investors in Switzerland will thus for the first time be able to participate in the development of the bitcoin price vs the USD.
The certificate has a two-year term, and an application has been submitted for admission to the SIX Swiss Exchange. This is subject to bitcoins being approved as an underlying. The first day of trading will be 15 July 2016, and the final fixing will be made on 16 July 2018. Between those dates, investors will be able to trade the Vontobel certificate on the secondary market, i.e. buying or selling at the applicable bid/offer prices.
"The new bitcoin certificate will for the first time give investors a simple and transparent means of investing in bitcoins on the SIX Swiss Exchange. Vontobel is thus once again demonstrating its capacity for innovation as one of the leading providers of structured products," said Roger Studer, Head of Vontobel Investment Banking.
- For more information, please see derinet.ch/blog.
Contacts
Legal information This document is for information purposes only and does not constitute an offer of any kind. The services described in the document are supplied under the agreement signed with the service recipient. The nature, scope and prices of services and products may vary from one country to another and may change without notice at any time. Certain services and products are not available worldwide or from all companies of Vontobel. In addition, they may be subject to legal restrictions in certain countries.
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отправлено 1 год назад автор ngt_
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US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.
The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.
You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.
If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, and/or profile from the Yahoo product feedback forum.
- Vote for an existing idea ( )
- or
- Post a new idea…
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- My feedback
Improve your services
Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off
I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount
I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!
I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more
chithidio@Yahoo.com
i dont know what happened but i can not search anything.
Golf handicap tracker, why can't I get to it?
Why do I get redirected on pc and mobile device?
Rahyaftco@yahoo.com
RYAN RAHSAD BELL literally means
Question on a link
In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?
Repair the Yahoo Search App.
Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.
I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.
I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.
I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.
We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.
I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.
I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.
I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.
WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED
I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED
This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.
Yahoo needs to fix the problem with their app.
Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.
I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.
I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more
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