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