Today, Bitcoin Capital, a new ETP issuer on the Swiss stock exchange, launches the very first actively-managed Crypto ETP tradable on a regulated marketplace.
The ETP provides additional opportunities for retail and institutional investors to diversify their portfolios by incorporating an actively-managed basket of cryptocurrencies. This takes the number of ETP providers available at SIX to 5, and the number of ETPs to a record of 31 – further strengthening the position of the Swiss Stock Exchange as the world’s leading market place for regulated crypto products.
With their newly tradable ETP at SIX, Bitcoin Capital offers exposure to a discretionary product featuring cryptocurrencies as underlying assets. The Bitcoin Capital Active ETP, managed by FiCAS AG and issued by Bitcoin Capital AG, covers the top 15 cryptocurrencies with active trading and risk management. Liquidity for this innovative product is provided by Flow Traders.
“We are delighted to welcome Bitcoin Capital to the family of ETP providers offering their product on our exchange. The Bitcoin Capital Active ETP is the first in its class and expands the existing ETP universe by offering access to an actively-managed crypto product. With the new listing, the segment of tradeable crypto instruments increases to over 140 products. Crypto products at SIX registered a market turnover of more than CHF 360 million and accounted for 16’000 transactions in the first half of 2020.” - Alain Picard, Head Trading Sales & Management, Securities & Exchanges, SIX.
FiCAS AG is a Swiss-based crypto investment management boutique. The firm devised the Bitcoin Capital Active ETP which is issued by Bitcoin Capital AG. The world’s first actively-managed exchange traded product is available to both retail and institutional investors in Switzerland and in selected jurisdictions across Europe.
"Investors have now the new choice of investing money into a cryptocurrency ETP that discharges their direct and active involvement – very much like what happens when you conclude a traditional discretionary portfolio management mandate. You invest and we care.
Secondly, investors buy into a clearly articulated trading strategy that performed very well in the past. The trading strategy bases on two pillars, one is trading the relative value of bitcoin and top altcoins, the other is quitting on time when cryptocurrencies enter a downward pattern." - Mattia Rattaggi, Chairman of the Board of Directors FiCAS AG.
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