Valour Short Bitcoin (SBTC)

Valour Short Bitcoin (SBTC) is an exchange-traded product that inversely mirrors the movements of Bitcoin's price. It serves as an inverse tracker, catering to investors seeking to capitalize on or hedge against a decrease in the value of the Bitcoin. Designed for experienced investors aiming to leverage daily market fluctuations, Valour Bitcoin Short offers strategic exposures and a convenient means to make timely portfolio adjustments.

Valour Short Bitcoin (SBTC) SEK
Valour Short Bitcoin (SBTC) SEK
Available for Trading on
Average price
720193.39
SEK
$
68415.39
x
10.5268
With multiplier
71.26
SEK
720193.39
SEK
X
0.0001
Valour Short Bitcoin SEK fair value
71.26
SEK
Last Updated:
May 28th 2024, 11:32:13 am
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Product Details
Issuer
Valour Inc.
Name
Valour Short Bitcoin (SBTC) SEK
ISIN
CH1149139649
Valoren
114913964
Product Currency
SEK
Underlying Asset
Bitcoin (BTC/USD)
Expiry Date
Open-ended
Management Fee
2.50%
Borrowing Cost
8%*
Product Details
Country
Exchange
Exchange Ticker
Market Marker
WKN
Listing Date
Bloomberg Code
RIC
Code
Sweden
Nordic Growth Market
Valour Short Bitcoin (SBTC) SEK
Mangold
Fondkommisson AB
A4AFMG
16/4/2024
BBG01M5Z00N1
CH1149139649.LUF

FAQs

FAQs
Questions
Who is the intended investor?

The Valour Short Bitcoin ETP is intended for experienced investors, who aim to capitalize on short-term fluctuations in the underlying asset's price. This product is not designed for meeting a longterm bearish view on Bitcoin's price, due to the effect of the borrowing cost on its performance.

What is a suitable time horizon for investing in a short ETP?

Due to the relatively high borrowing cost, it is not recommended to hold the product for longer time horizons. Suitable holding periods are short term, where the impact of the borrowing cost is low.

* What is the borrowing cost?

In order to hedge its position, the issuer will borrow the relevant, corresponding digital asset on a 1:1 basis and sell the asset short. When lending Bitcoin, a yearly borrowing cost of 8% is applicable. This cost is subject to the lending market price, and fluctuates in a similar way that flexible interest rates seen in housing loans or savings accounts fluctuates.

*The current borrowing cost stands at 8%.

How does Valour short the underlying asset?

In order to hedge its exposure to the underlying digital asset originating from the sale of the certificates, the issuer will borrow the relevant, corresponding digital asset on a 1:1 basis and sell the asset short. Borrowing Bitcoins will induce a borrowing cost.

What are the risks associated with short ETPs?

Short ETPs present a high level of risk and are most suitable for experienced investors with a robust risk appetite who are prepared to bear potential losses. Variations in the performance of Short ETPs from the underlying asset can arise due to fees and/or borrowing expenses.

For detailed information about the risks, see the "Risk" sections of the base prospectus.

Are there any tracking erros?

The tracking accuracy of Short ETPs may be compromised by various factors, and in the case of Valour Short Bitcoin especially because of the borrowing cost, if the product is held over a long period of time. Consequently, deviations from the desired exposure can occur, impacting investment returns.

Disclaimer

As with any financial strategy, investors should be aware of the risks and limitations involved. The information contained above is not exhaustive and should not be relied upon as the sole basis for making investment decisions. Investors should consult the base prospectus for complete information on the investment product, including its terms, conditions, and risks involved.

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