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Vontobel is expanding its bitcoin product range.
Tracker Certificates | derinet® Switzerland
A little over a year ago, Vontobel became the first Swiss issuer to launch an exchange-traded tracker certificate on the cryptocurrency bitcoin, and it has since proven to be a resounding success. Despite this long list of developments, interest in the cryptocurrency appears to be unwavering. Other Swiss issuers have ultimately followed suit with their own investment products on bitcoin, albeit with a limited term. And this without a pre-defined redemption date.
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But why is Vontobel now launching a further certificate, this time an open-end product? Monday to Friday a.
Addresses and Locations. To enable investors to continue to participate in the performance of Bitcoin, Vontobel is issuing two new tracker certificates on the cryptocurrency. At the same time, Vontobel is terminating the existing Bitcoin tracker certificates.
In July , Vontobel became the first Swiss issuer to launch a tracker certificate on Bitcoin — with the new offering proving very successful. Investors were then able to participate in the performance of Bitcoin for the first time and to trade the certificates simply and transparently on the SIX Swiss Exchange.
Vontobel has now decided to terminate the existing Bitcoin tracker certificates in accordance with the terms set out in the sales prospectus since regulatory requirements mean that the product offering is no longer economically viable. The official redemption amount per certificate will be determined in accordance with the issuance conditions and will be paid to investors on March 19, This opportunity to invest in new Bitcoin tracker certificates will enable investors to seamlessly continue their existing participation in Bitcoin.
The new certificates are subject to a management fee of 3. This fee allows Vontobel to offer Bitcoin certificates while meeting the high capital requirements relating to cryptocurrencies. With the new certificates issued by Vontobel, the termsheet will once again exclude a clause whereby the risk of a potential cyberattack or of the theft of Bitcoins is borne by the investor.
Further information is available at:. The price information contained in these webpages originates either from third-party sources such as financial information service providers or has been calculated by Vontobel itself and should not be relied upon to predict future values or prices. In some cases, current prices of securities or underlyings may be shown with a time delay. Users can find additional price information, in particular information pertaining to the past price performance of the underlying, at the place referred to in the prospectus for the relevant security.
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Historical price performance is not a reliable indicator of future price performance of the underlying or the securities. On these webpages, all information concerning returns, such as bonus or maximum returns, refers to gross returns which do not factor in costs that will be incurred and, unless expressly indicated otherwise, in taxes to be paid by the relevant investor. Investors will, in fact, incur costs and taxes which diminish returns.
These include, for example, securities account costs or transaction costs. The extent of the impact of any such costs and tax on the net return depends on the amount of the investment and the costs and tax actually incurred by the relevant investor. If required by applicable laws or if Vontobel decides to make available without the obligation to do so, Key Information Documents KIDs can be retrieved on these webpages on the relevant product detail site under the "Documents" section.
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To the extent the user retrieves a KID, Vontobel shall be entitled — but not required — to store user data in particular the IP address, provider and the referrer URL , the time of access and the contents of the KID transmitted to the user. Such storage serves to satisfy regulatory requirements, and the stored data may also be used in the context of legal disputes between the user or other investors and Vontobel. The data privacy policy also refers to this data.
It should be noted that, from time to time, Vontobel purchases or sells securities, commodities, futures and options for hedging and other purposes, or holds positions long or short in these which are identical to or connected with such securities.
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This may possibly have an adverse impact on the value of the securities. In addition, Vontobel may be the calculation agent or sponsor of underlyings and, as such, may make determinations which adversely affect the value of the securities.
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Vontobel may pay commissions to distribution partners in connection with the distribution of any securities. Such commission payments will reduce the return the investor is able to achieve. If commissions are paid, you will find information pertaining to the amount of these commission payments in the relevant final terms.
The products described on these webpages are not permitted to be offered for sale in all countries and are in each case reserved for the group of persons who are authorised to purchase the products.
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The selling restrictions which apply to specific products are set out in the relevant prospectuses and should be read carefully by the user. In particular, the following selling restrictions apply: Legal entities domiciled in the U. The information contained in these webpages is not intended for the U.
Securities Act of and legal entities which are domiciled in the U. Information provided on these webpages is not permitted to be disseminated or disclosed in the U. The securities listed here are not and will not be registered pursuant to the U. Securities Act of , and no authorisation was obtained to trade these securities pursuant to the U. Commodities Exchange Act of The securities are not permitted to be sold or offered in the U. The products described on these webpages will be offered or sold to legal entities in other jurisdictions only if this is permissible under the relevant applicable legal provisions.
Although these webpages are based on information which Vontobel deems reliable and Vontobel strives to keep this information up-to-date, Vontobel provides no warranty whatsoever for the information contained on these webpages announcements regarding the terms and conditions of the securities shall remain unaffected thereby. In particular, Vontobel provides no warranty as to a the quality, accuracy, correctness, availability and completeness of the data and other information on these webpages, b the timely and accurate notification of users that defined limits and thresholds have been reached, c continuing to provide or update such information in the future, d the suitability or appropriateness of securities for investors, e the accounting and tax consequences of investing in securities and f the future price performance of securities.
The values and prices presented on these webpages do not factor in the size of transactions, i.