Swiss companies Vontobel and Leonteq Securities AG launch separate futures contracts that will allow clients to bet against the price of the main crypto Bitcoin Currency
Product launches are part of the growing interest of institutional investors for digital currency products.
Based on a Reuters report, the asset management company Vontobel will present two mini term products. are a type of derivative that represents a fraction of the value of futures contracts. The products will be launched on the SIX Exchange in mid-November 2017.
According to Eric Blattmann, director of the public distribution of the company's financial products, the products aim to meet the demand for more products. options by traditional investors "
" We saw a strong demand for our long tracker certificate from investors interested in playing the upside potential of Bitcoin and now they too have the opportunity to cover their position.
Leonteq Securities Offer
Leonteq Securities AG investment solutions provider, meanwhile, announced the scheduled launch of its Bitcoin term product, with a maturity of two months The product will also be listed on the SIX stock exchange
In his statement, Manuel Dürr, head of public solutions at Leonteq Securities, said that customers appreciate the opportunity to choose between a short-term and long-term investment in Bitcoin.
"The feedback from the experience has been extremely positive, and customers are very appreciative of the possibility of choosing between a long-term or a short-term investment in Bitcoin."
The growing popularity of digital money products among institutional investors
The launch of the new Bitcoin The futures contracts entered into by Swiss companies come amidst the growing interest of institutional investors for products
Recently, the US derivatives market operator CME Group announced that it would introduce a Bitcoin futures product in the near future.Startup Ledger X of New York, for its part, it is already offering live cryptocurrency futures on its platform.