Ether & Certificate - an interesting symbiosis

Ether & Certificate - an interesting symbiosis

19 July 2019

Vontobel now offers investors access to the crypto currency "Ether" via a tracker certificate. The certificate is listed on the stock exchange and enables investors to participate easily and transparently in the price development of Ether.

Vontobel was one of the first issuer of tracker certificates on Ether in Sweden to make the simple and transparent investment in popular crypto currencies accessible to all investors. With the tracker certificate on the crypto currency "Ether", investors in Sweden are offered a further alternative to participate in the development of the crypto currency market.

Tracker certificate on Ether: How it works

With the Vontobel tracker certificate, investors participate in the price development of Ether without having to have access to the Ethereum network or an Ether wallet themselves. Accordingly, investors do not bear the risk of losing Ether through hacker attacks, technical problems, improper handling or the failure of the Ether depositary. However, as with most tracker certificates offered, investors bear the risk of the issuer's insolvency in addition to the market price risk of the underlying asset and the currency risk (Ether is determined in USD while the certificate is denominated in SEK).

Product details

Vontobel is now offering the tracker certificate on Ether with no maturity date - a so-called tracker certificate open-end (Symbol: TRACK ETHER VON, ISIN: SE0012674208). The product enables unlimited* participation of almost 1:1 in price gains and losses of the ETH. The well-known virtual marketplaces CoinBase Prime, BitStamp and Kraken serve as "reference agents" for the tracker certificate in the crypto currency "Ether" in US dollars. The first trading day of the new Open End Certificate on the stock exchange was on Thursday, 23 May 2019. From this date, investors are able to trade the certificate in the secondary market via their bank or broker and purchase or sell it at the respective bid/ask price.

Information about the underlying

Ether is not a currency issued by a state or government but a virtual currency in the form of a so-called payment token within the Ethereum network ("Ethereum"). Ethereum is a distributed system in the field of financial technology, which offers the creation, management and execution of decentralized programs or contracts (so-called Smart Contracts) in its own blockchain infrastructure. Ether is an integral part of Ethereum's blockchain infrastructure. Ether exists only virtually on a computer network and has no physical counter value. Ether trading is decentralized in the Internet and does not need to be handled through intermediaries such as a state, central banks or commercial banks. Further information on Ether and Ethereum can be found on the website

In order to make it easier for investors and interested parties to enter the Ethereum universe, a special series on the functioning, background and development possibilities of Ethereum will be published in the coming weeks.


*The term is basically unlimited, subject to termination by the issuer or exercise by the investor.

Important legal information

Legal notice

The products are not capitalprotected, in the worst case a total loss of the invested capital is possible. In the event of insolvency of the issuer and the guarantor, the investor bears the risk of a total loss of his investment. In any case, investors should note that past performance and / or analysts' opinions are no adequate indicator of future performance. The performance of the underlyings depends on a variety of economic, entrepreneurial and political factors that should be taken into account in the formation of a market expectation.

20/08/2019 12:56:28


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