Bitcoin Capital AG launches two crypto ETPs on SIX Swiss Trade

Bitcoin Capital AG launched two new exchange-traded merchandise on the SIX Swiss Trade: the FiCAS Lively Bitcoin ETP (BTCB) and FiCAS Lively 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 equivalent to equities or bonds.

“Our goal is to grant traders secure and quick access 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 essentially the most related cryptocurrencies as underlying could, via their lively administration, enhance the general portfolio threat by decreasing underlying volatility.”

Associated: Swiss SIX Trade Lists Actively Managed Bitcoin ETP

The enlargement of Bitcoin Capital AG’s new providers 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 not too long ago, reaching $68,789.63, whereas Ether (ETH) is seeing larger consideration as nicely.

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 Lively ETP” on the SIX Swiss Trade. 

Associated: Trade-traded merchandise abound, however crypto remains to be ready for an ETF

An ETP is a by-product safety that trades primarily based on funding devices equivalent 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 Trade 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 trade added a Polkadot ETP.