The NASDAQ-listed asset management company WisdomTree and online Swiss bank Swissquote Group Holding SA (SWX:SQN) have just announced that they have launched an Exchange Traded Product (ETP) investing in Bitcoin on the Swiss stock exchange SIX. The product is physically backed by Bitcoin. The product is immediately tradable at SIX for professional investors in USD (ticker: BTWC) and is backed one-to-one by reserves and fully collateralised by Bitcoin. Swissquote stores the underlying Bitcoin assets offline on its secure cold storage technology in Switzerland. Investors can thus invest in Bitcoin via a traditional ... (full story)