The firm Swissquote Bank SA has announced the launch of a new cryptocurrency based exchange-traded product called ‘bitcoin certificates.’ The certificates will be Swissquote’s first actively managed fund that’s tethered to digital assets and cash.
Swissquote Group Believes Investors of All Profiles Should Have Bitcoin Exposure
Swissquote Group Holding SA is a firm that was created in 1996 and specializes in financial management and online trading services. The company is headquartered in Switzerland but also has locations in Hong Kong, London, Malta, Dubai, Zurich, and Bern. Swissquote Group’s bitcoin certificates will be traded on the SIX Swiss trading platformalongside the company’s public shares. The exchange-traded certificates will be called, ‘SQXBTQ,’ and the fund will utilize algorithm based machine learning, and a quantitative investment team that claims to continually follow bitcoin price trends.
“Investors of all profiles should be able to benefit from the boom in digital currencies. This is why we are launching the first dynamically-managed bitcoin certificate listed on the Swiss exchange,” explains the financial management firm…