Swiss Bank Starts Running Bitcoin Futures

Two mini futures have been launched by Swiss Vontobel Bank. It will help investors to defend their positions in the cryptocurrency.

According to Reuters, the mini futures were kicked off on the Swiss Stock Exchange last Friday.

There is an agreement published by Vontobel, reporting that  the value of these two mini futures would rise by nearly 6% against bitcoin’s 10% decreasing  cost. The other would gain about 10%.


Eric Blattmann, head of distribution of financial products at Vontobel, said in a statement,

“We have seen a big demand from investors interested in playing the upside potential of bitcoin. That is for our long tracker certificates, and now they have an opportunity to hedge their positions or go short ”


At these days bitcoin is trading at a record high levels. Today, at 9:09 am Hong Kong time the price was over 8.240 US, after breaking up the 8,000 $ for the first time over the weekend.

The second biggest Swiss country’s provider of structured products launching of the futures products comes between an uptick in interest in cryptocurrency products among institutional investors.

The world’s largest derivatives exchange operator, CME Group announced about launching a bitcoin futures product.

Bloomberg reported, that Leonteq securities, a Swiss Investment solutions provider also announced the launch of  separate product along with Vontobel.

Vontobel’s product is longer, than Leonteq’s has a two-month maturity date, but investors are able to cancel their positions earlier, than being traded on exchange.

The head of public solutions at Leonteq Manuel Durr said that clients appreciate being able to open long or short positions in bitcoin.

“The initial feedback has been extremely positive,” he said.


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