Bitcoin & Certificate - an interesting symbiosis

Bitcoin & Certificate - an interesting symbiosis

19 July 2019Reading time: 3 minutes

Vontobel now offers investors access to the crypto currency "Bitcoin" via a tracker certificate. The certificate is listed on the stock exchange and enables investors to participate easily and transparently in the price development of Bitcoin.

For many investors, the market for crypto currencies has been an interesting and novel investment alternative for years. Vontobel was one of the first issuer of tracker certificates on Bitcoin in Switzerland to make the simple and transparent investment in popular crypto currencies accessible to all investors. With the tracker certificate on the crypto currency "Bitcoin", investors are offered a further alternative to participate in the development of the crypto currency market.

Tracker certificate on Bitcoin: How it works

With the Vontobel tracker certificate, investors participate in the price development of Bitcoin without having to have access to the Bitcoin network or a Bitcoin wallet themselves. Accordingly, investors do not bear the risk of losing Bitcoin through hacker attacks, technical problems, improper handling or the failure of the Bitcoin depositary. However, as with most tracker certificates offered, investors bear the risk of the issuer's insolvency in addition to the market price risk of the underlying asset and the currency risk (Bitcoin is determined in USD).

Product details

Vontobel is now offering the tracker certificate on Bitcoin with no maturity date - a so-called tracker certificate open-end. The product enables unlimited* participation of almost 1:1 in price gains and losses of the BTC. The well-known virtual marketplaces Coin Base, Kraken Bitcoin Exchange and Bitstamp serve as "reference agents" for the tracker certificate in the crypto currency "Bitcoin" in US dollars. Investors are able to trade the certificate in the secondary market via their bank or broker and purchase or sell it at the respective bid/ask price.

Information about the underlying

The now legendary white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” by a certain Satoshi Nakamoto created a big stir on the Internet back in February 2009.  It marked the birth of the cryptocurrency bitcoin, which embodies the idea of an independent payment system.  
A blog article posted by Nakamoto attracted considerable attention. In it he wrote: “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. (…) With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.” (Source:, 11.02.2009).

The term ‘Bitcoin’ refers to an internet currency whose monetary units are created and managed decentralized on a computer network. Bitcoin users who are connected with each other via the internet can transfer bitcoins to one another electronically. Bitcoins only exist virtually on a computer network and have no physical equivalent. Bitcoins are traded in a completely decentralized way on the internet and do not have to be processed via intermediaries of any kind (e.g. countries, central / commercial banks).

In order to make it easier for investors and interested parties to enter the Bitcoin universe, a special series on the functioning, background and development possibilities of Bitcoin will be published in the coming weeks.

*The term is basically unlimited, subject to termination by the issuer or exercise by the investor.



Important Notice:

This information is neither an investment advice nor an investment or investment strategy recommendation, but advertisement. The complete information on the securities, in particular the structure and risks associated with an investment, are described in the base prospectus, together with any supplements, as well as the final terms. The base prospectus and final terms constitute the sole binding sales documents for the securities. It is recommended that potential investors read these documents before making any investment decision in order to fully understand the potential risks and rewards of deciding to invest in the securities. The documents and the key information document are published on the website of the issuer on and are available from the issuer free of charge. The approval of the prospectus should not be understood as an endorsement of the securities. The securities are products that are not simple and may be difficult to understand. This information contains an indication of past performance. Past performance is not a reliable indicator of future results.

This document and the information contained in it may only be distributed or published in countries where such distribution or publication is permitted by applicable law. As stated in the relevant base prospectus, the distribution of the securities mentioned in this information is subject to restrictions in certain jurisdictions. This advertisement may not be reproduced or redistributed without Vontobel’s permission.

20/03/2023 13:24:31


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