World's First Bitcoin Short Notes Allow Bears to Ride Big Swings
- Vontobel and Leonteq start short certificates on SIX Exchange
- Move comes as bitcoin is trading at or near record highs
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Bitcoin bears now have another way to bet on price falls.
Swiss structured products houses Vontobel AG and Leonteq Securities AG started separate products on Friday that allow investors to profit if the price of bitcoin tumbles. Not that it has tumbled much lately. Bitcoin is trading at a record high and has soared more than 700 percent this year.