Bitcoin Capital AG has released two new exchange-traded products via the SIX Swiss Exchange: FiCAS Active Bitcoin ETP(BTCB) & FiCAS Active Ethereum ETP [ETHB]. Both are actively managed and maintained by FICAS AG.
The new offerings are available to institutional investors, professionals, and private investors in Switzerland and Liechtenstein as well as the European Union (excluding Hungary). They can invest via their broker or bank just like they would with other listed financial assets, such as bonds or equities.
Dr. Luca Schenk is the chairman of Bitcoin Capital AG. “Our goal is to give investors safe and simple access to digital assets. We are convinced that crypto assets can soon be part of diversification strategy for many investment portfolios,” he said. “The new products that have the most relevant cryptocurrencies as the underlying could, through active management, increase portfolio risk by reducing volatility.”
Similar: Swiss SIX Exchange Manages Bitcoin ETP Actively
The expansion of Bitcoin Capital AG’s services is meant to appeal to a larger range of investors at a time when cryptocurrency interest is growing. Bitcoins (BTC), which recently hit $68,789.63 has seen an all-time high, and Ether (ETH) has been receiving more attention.
Bitcoin Capital AG, a family office and FiCAS AG affiliate based in Zug (Switzerland), is Bitcoin Capital AG. Bitcoin Capital AG launched the actively managed Bitcoin ETP “Bitcoin Capital Active ETP”, on the SIX Swiss Exchange in July.
Similar: Although exchange-traded products are plentiful, crypto still awaits an ETF
An ETP (equivalent to crypto ETFs) is a derivative security that trades on investment instruments like a commodity, currency or share price.
Many crypto ETPs were created since the introduction of the first crypto ETP on the Swiss SIX Exchange late 2018. Amuns Crypto Basket (HODL) was the first to be listed. It tracks five major cryptos. The exchange also added a Polkadot eTP in February 2021.