Alternative Investments/Digital Assets: Swiss Firm Valour Launches Fee Free Bitcoin Exchange Traded Product (ETP)
It is also the world’s first fee-free bitcoin ETP.
Valour, a Swiss firm that creates innovative financial products, has launched Bitcoin Zero. This is an exchange-traded product (ETP) that charges no management fees. The ETP commenced trading last week on the Nordic MTF segment of the Nordic Growth Market stock exchange. (Mondovisione)
Using Bitcoin Zero, institutions and individuals can invest in Bitcoin as easily as they do in ETFs and shares, and do so without any fees, which is a world first.
Bitcoin Zero from Valour
The ETP is the first fully-hedged, passive investment product with Bitcoin (BTC) as its underlying asset. The product is available in euros (BTC ZERO EUR, ISIN code CH0573883474); and Swedish krona (BTC ZERO SEK, ISIN code CH0585378661).
Customers can trade Bitcoin Zero through any broker or financial institution with access to the Nordic Growth Market Stock Exchange. There is a clear, consistent link between the price of bitcoin and Bitcoin Zero.
Tommy Fransson, Deputy CEO of the exchange, said that digital assets had come to be an important part of financial markets. The new ETP would go a long way towards making these assets available to all investors, he added.
Valour Founder and Director, Johan Wattenström, said: “Our mission is to make an investment in disruptive technologies accessible to all. The launch of the Bitcoin Zero ETP is very much a part of this. It marks a significant step towards the mainstream adoption of digital assets, enabling investors to diversify their portfolios and gain exposure to Bitcoin, whose value has almost tripled this year.”
Related Story: Gazprombank Switzerland Flags Off Bitcoin Transactions
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