What began as an experiment around a decade ago is now omnipresent: all the talk is of cryptocurrencies. The latest developments around blockchains show that it is the tech-savvy younger generation especially that is open to new forms of money. The increasing acceptance has since even managed to persuade central banks to work on their own digital currencies. While they fiddle around, though, others have long since been making hay. Payment systems that bypass states and banks have now become socially acceptable, for instance, and more and more government authorities and businesses are accepting Bitcoin etc. as a means of payment. Governments in Latin America, such as those of El Salvador and Uruguay, would even like to introduce Bitcoin as an official means of payment in the country. The cybercurrencies have also become part and parcel of the stock market. No stock market player can now escape cybercurrencies, not least since the billion-dollar IPO of US crypto trading platform Coinbase on the Nasdaq in April.
Investors do not need to trade the internet coins directly on the crypto stock market, though: Leonteq began offering a diverse range of trackers on a wide variety of currencies some time ago. These include the actively managed tracker certificates on the Swissquote Multi Crypto Index and its “leaner” CHF version, the Swissquote Multi Crypto Mini Index. The product range also includes actively managed participation instruments on Bitcoin and Ethereum for a modest annual fee of 1.35% p.a. Direct investment in the cybercurrencies is also possible, however. To that end the range has been expanded significantly over recent days, with 18 cryptocurrencies now available for selection as underlyings. These currently cover some 76% of the total market capitalisation in the sector. The management fee of these trackers is 1.5% p.a.
The product range has just been expanded to include the Aave, Algorand, Cardano, Chainlink, Cosmos, EOS, Ethereum Classic, Filecoin, Maker, Polkadot, Stellar, Tezos and Uniswap cryptocurrencies. This also has an effect on the fore-mentioned trackers on the Swissquote Multi Crypto Index and Swissquote Multi Crypto Mini Index. Following the expansion of the crypto-asset universe on the Leonteq platform, index sponsor Swissquote has realigned the two multi-crypto AMCs, with Cardano, Polkadot and Stellar being added to the portfolios and Bitcoin Cash being removed from the line-up.
Spoiled for choice Investors are now thus almost spoiled for choice, because a 1:1 participation gives access to a very wide range of cryptos. With the open-end trackers, there are three currencies to choose from: the Swiss franc, the euro and the US dollar. The bulk of the participating instruments are listed on the SIX, Chainlink and Tezos on the BX Swiss. In the case of the actively managed products, the choice is between CHF and USD. Thanks to this large number of potential investments, the world of cryptos can be easily and conveniently accessed by anyone. Caution is required, however: it should be borne in mind that this is a very young and also highly volatile market. The investment volume should, therefore, always be consistent with the investor’s own risk profile and overall portfolio.
We look forward to answering all of your questions about our products and how they are traded. Please don't hesitate to get in touch! Phone: 058 800 11 11, email info@leonteq.com or contact us here.
Investments in products referencing one or more cryptocurrencies or indices of cryptocurrencies are subject to increased volatility compared to investments in traditional assets and to specific risks which can negatively impact the value, tradability,liquidity and/or security of such investments. Potential Investors are encouraged to inform themselves about these specific risks when considering an investment in products referencing one or more cryptocurrencies or indices of cryptocurrencies. A summary of key risks relating to products referencing one or more cryptocurrencies or indices of cryptocurrencies can be found here.
