Bitcoin Capital AG released two new exchange-traded merchandise on the SIX Swiss Alternate: the FiCAS Energetic Bitcoin ETP (BTCB) and FiCAS Energetic Ethereum ETP (ETHB), that are actively managed by FICAS AG.
Institutional traders, skilled, and personal traders in Switzerland, Liechtenstein, and the European Union (excluding Hungary) can now spend money on the brand new choices by way of their financial institution or dealer simply as they might with different listed monetary belongings corresponding to equities or bonds.
“Our objective is to grant traders protected and easy accessibility to digital belongings and are satisfied that crypto belongings will quickly be a part of the diversification technique of many funding portfolios,” says Dr. Luca Schenk, chairman of Bitcoin Capital AG. “The 2 new merchandise with probably the most related cryptocurrencies as underlying might, by their energetic administration, enhance the general portfolio danger by decreasing underlying volatility.”
The enlargement of Bitcoin Capital AG’s new companies is meant to attraction to a wider vary of traders and comes at a time when curiosity in cryptocurrencies is rising. The worth of Bitcoin (BTC) has risen to all-time highs just lately, reaching $68,789.63, whereas Ether (ETH) is seeing higher consideration as properly.
Bitcoin Capital AG is a household workplace and FiCAS AG subsidiary primarily based in Zug, Switzerland. In July, Bitcoin Capital AG launched the actively managed Bitcoin ETP “Bitcoin Capital Active ETP” on the SIX Swiss Alternate.
An ETP is a by-product safety that trades primarily based on funding devices corresponding to a commodity, forex, share value, or rate of interest, versus crypto ETFs, that are 100% backed by the belongings they’re monitoring.
Because the world’s first crypto ETP was launched on the Swiss SIX Alternate in late 2018, a number of crypto ETPs have been developed. Amun’s Crypto Basket ETP (HODL), which tracks 5 main cryptos, was first listed in 2018. In Feb 2021, the alternate added a Polkadot ETP.