CaixaBank offers its clients two financial instruments that replicate the performance of bitcoin
CaixaBank has made two financial instruments available to its clients and those of its neobank Imaginspecifically ETPs (exchange traded products)designed to replicate the performance of bitcoin, as reported in a statement this Wednesday.
The two ETPs are listed on several European exchanges, allowing transactions to be carried out in real time, although the entity warns that There may be times of low liquidity and they may be exposed to exchange rate risk, as the value of the product may be affected by fluctuations between the euro and the US dollar.
For this reason, CaixaBank has insisted that these instruments are aimed at “investors who have sufficient knowledge to assess the risks associated with cryptocurrencies and, in particular, their potential volatility.”
“Before investing, It is important for clients to keep in mind that these ETPs are complex and high-risk products; The investment carries significant risks, including the possibility of total loss of the invested capital, high volatility and liquidity risks,” CaixaBank has warned. It has added that these products “They are not guaranteed by any deposit guarantee fund nor by investor protection mechanisms”.
