Article

Bell Ringing: Invesco Physical Bitcoin ETP at SIX Swiss Exchange

20 January 2022
Gary Buxton
Gary Buxton
Head of EMEA & APAC ETFs & Indexed Strategies
Bell Ringing: Invesco Physical Bitcoin ETP at SIX Swiss Exchange

Bitcoin (BTC) accounts for 42% of the US$2 trillion cryptocurrency market and with more than $2 billion worth of Bitcoins traded on digital exchanges around the world each day, it is the most liquid. But despite its size and deep liquidity, many sophisticated professional investors have struggled to find a sufficiently robust ‘institutional-grade’ mechanism by which to invest.

Invesco seeks to address this demand with the launch of a Bitcoin ETP designed for sophisticated investors in Switzerland looking to gain straightforward and effective exposure to the cryptocurrency. With a structure similar to that of their well-established physical gold product, the Invesco Physical Bitcoin ETP will be 100% backed by holdings in the underlying digital assets with the aim of delivering the price performance of Bitcoin, less a fixed 0.99% annual fee.

Watch the video of the iconic bell ringing Ceremony at SIX Swiss Exchange

In this video you can find the digital bell ringing at SIX Swiss Exchange.

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Investment risks

  • Investing in cryptocurrencies is high risk. You should only invest in this product if you understand the risks associated with it. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should consult their professional advisers to ascertain the suitability of this product as an investment to their own circumstances.

    The value of the product depends on the performance of the underlying investment. Cryptocurrencies do not have any intrinsic value and may become worthless. 

    Volatility Risk:
    Cryptocurrencies are subject to extreme price volatility as evidenced by the large daily movements in the price of Bitcoin since its inception.  Cryptocurrency markets do not close and so sudden price swings could occur at any time.

    Risk of Hacking:
    A hack of a depositary wallet could result in the loss of the main body of the underlying cryptoassets backing one or more series of certificates. Such a hack could result in a loss of value of the certificates for all the certificateholders of the affected series. Certificateholders of the affected series would risk losing their entire investment. 

    Liquidity Risk:
    The product may be adversely affected by a decrease in market liquidity which may impair the ability to exchange cryptocurrencies into fiat currencies.

    Regulation Risk in the Market of Cryptocurrencies:
    The price of cryptocurrency can be affected by factors such as global or regional political conditions and regulatory or judicial events.

Important information

  • Data as at January 2022, unless otherwise stated.

     

    This marketing communication is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.

     

    Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice.

     

    This material should not be considered financial advice. Persons interested in acquiring the products should inform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or domicile; (ii) any foreign exchange controls and (iii) any relevant tax consequences.

     

    All investment decisions must be based only on the most up to date legal offering documents. The legal offering documents (Base Prospectus and annual & semi-annual reports) are available free of charge at our website etf.invesco.com and from the issuers.

     

    Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on fees and other charges.

     

    CoinShares and the CoinShares Astronaut are trademarks and/or service marks of CoinShares (Holdings) Limited and are licensed for use by Invesco. The CoinShares Group owns the proprietary rights in the CoinShares Hourly Reference Rates. The Product(s) are not sponsored, endorsed, sold, promoted or managed by CoinShares or its affiliated entities.

     

    The index is calculated by Compass Financial Technologies. Compass Financial Technologies uses its best efforts to ensure that the index is calculated correctly. Notwithstanding its obligations towards CoinShares, Compass Financial Technologies SA has no obligation to point out errors in the index to third parties including without limitation to investors and/or financial intermediaries. The calculation, the publication and the dissemination of the index by Compass Financial Technologies SA does not constitute a recommendation by Compass Financial Technologies SA to invest capital in the securities nor does it in any way represent an assurance or opinion of Compass Financial Technologies SA with regard to any investment therein. Purchasers of the CoinShares are made aware, and accept, that index calculations are based on large quantities of data provided by third parties and are thus susceptible to errors, interruptions and delays.