Bitcoin Capital AG has released two new exchange-traded products on the Swiss SIX exchange: FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB), which are actively managed by FICAS AG.
Institutional investors, professional and private investors in Switzerland, Liechtenstein and the EU (excluding Hungary) can now invest in new offers through their bank or broker as if they were investing in other listed financial assets such as stocks or bonds.
“Our goal is to provide investors with secure and easy access to digital assets, and we are confident that cryptocurrencies will soon become part of the diversification strategy of many investment portfolios,” said Dr. Luca Schenk, Chairman of Bitcoin Capital AG. “The two new products, which are based on the most relevant cryptocurrency, with active management, can improve the overall portfolio risk by reducing the underlying volatility.”
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The expansion of new services by Bitcoin Capital AG aims to attract a wide range of investors and comes at a time of growing interest in cryptocurrencies. Bitcoin (BTC) recently climbed to record highs, reaching $ 68,789.63, while Ether (ETH) has also received increasing attention.
Bitcoin Capital AG is a family office and a subsidiary of FiCAS AG based in Zug, Switzerland. In July, Bitcoin Capital AG introduced the actively managed Bitcoin ETP “Bitcoin Capital Active ETP” on the SIX Swiss Exchange.
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An ETP is a derivative paper that is traded on an investment instrument such as a commodity, currency, stock price or interest rate, as opposed to crypto-ETFs, which are 100% supported by the assets they track.
Since the world’s first crypto-ETP was introduced on the Swiss SIX exchange at the end of 2018, many crypto-ETPs have been developed. ETP Crypto Basket ETP (HODL) Amun, which tracks five major digital currencies, was first listed in 2018. In February 2021, the stock exchange added ETP Polkadot.