Product snapshot: bitcoin trackers to boost sell-side competition, Vontobel

Cryptocurrency Bitcoin is making its way into the European structured products market as suggested by the launch of the first open-end tracker certificate on bitcoin on the Swedish NGM Exchange in mid-January ( Open End Tracker (DE000VL7B7C0 ). "They do not perceive bitcoin as an investment, but rather as a means of protest against the politicians and the central banks," said Claes Hemberg, investment economist at Stockholm-based online broker Avanza. In July 2017, Swedish brokerage firm XBT P