House of Satoshi is launching a Bitcoin ETP on the SIX Swiss Exchange together with Aisot Technologies and Maverix Securities. An AI model resets the allocation between Bitcoin and US dollar cash every month. The cash share can reach up to 80%.
An ETP is an exchange-traded security that tracks an underlying asset and trades through an ordinary securities account. Conventional Bitcoin ETPs hold the cryptocurrency permanently. The Bitcoin AI Strategy ETP, ticker BTCAI, instead shifts the allocation actively between Bitcoin and cash instruments. Behind the launch stand a Zurich Bitcoin provider and an ETH spin-off as strategy supplier. A Geneva securities firm acts as issuer. Rino Borini, co-founder of House of Satoshi, is also a shareholder of this publication. Initially, a subscription period runs until October 1, 2026. Trading on SIX starts later, scheduled for October 6. According to those involved, physical holdings back the structure, and Swissquote keeps the underlying assets in custody.
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How the AI model splits Bitcoin and cash at BTCAI
Once a month, Aisot recalculates the split between Bitcoin and cash instruments. The models evaluate market, news and economic data continuously, yet the weighting changes only on that date. Two variables ultimately matter: the expected price development and its reliability. According to Stefan Klauser, co-founder and CEO of Aisot Technologies, the models estimate how Bitcoin could develop. They also judge how certain that estimate is.
If the signal turns unfavorable, the cash share therefore rises. In difficult market phases it can reach up to 80%. Between two calculation dates, however, the allocation stays unchanged. The mechanism thus responds to short-term drops within a month only at the next calculation date.
The value chain spreads across four Swiss firms. Aisot develops the strategy, Maverix Securities issues the product, Swissquote handles custody, and trading runs through SIX.
"BTCAI is deliberately built as a collateralized structure. The underlying assets exist physically and are held at Swissquote. Investors therefore subscribe and trade through their existing securities account." - Serge Nussbaumer, Head of Distribution at Maverix Securities
The three firms behind the Bitcoin ETP
House of Satoshi, based in Zurich, goes back to entrepreneur and HWZ lecturer Rino Borini. The provider also operates a Bitcoin ATM and the podcast "Bitcoin und Friends". By its own account, the company has trained more than 2,500 people on Bitcoin. It additionally describes itself as one of the strongest crypto communities in Switzerland. Borini derives the product idea from that training work.
"We have trained more than 2,500 people on Bitcoin and kept hearing the same concerns: sharp price swings and secure storage" - Rino Borini, founder of House of Satoshi and shareholder of CV Publishing AG
Aisot Technologies, meanwhile, is a spin-off from ETH Zurich founded in 2019. Co-founder and CEO Stefan Klauser previously worked at Avaloq and Vontobel. The core business combines quantitative financial analysis, machine learning and the evaluation of news sentiment with language models. Its target group is institutional asset managers, so far mainly in traditional portfolio management. The company financed itself through a seed round of CHF 1.8 million in 2023. Haute Capital Partners led that round. In August 2026, an extension of around CHF 2 million followed.
Issuer Maverix Securities sits in Geneva and is a FINMA-licensed securities firm with roughly 60 employees. Founded in 2008, the house first operated as CAT Financial Products and has carried its current name since 2024. In the 2024 financial year, revenue rose 37% to CHF 14.3 million. At the same time, assets under management (AuM) doubled to CHF 260 million. Of that total, CHF 50 million was attributable to an automated platform for digital assets. The house has furthermore issued several crypto ETPs already, among them staking products with distributions on Ethereum and Solana.
BTCAI in the Swiss crypto ETP landscape
Actively managed crypto ETPs have existed on the Swiss exchange since 2020. In that year, FiCAS and Bitcoin Capital launched what is now the 15 FiCAS Active Crypto ETP. The product trades under the ticker BTCA and remains listed on SIX. It rotates between up to 15 of the largest cryptocurrencies. According to the issuer, the ETP can likewise switch into francs, euros or US dollars. There, a portfolio manager decides on the weighting.
Three features set BTCAI apart, however. The product limits itself to Bitcoin rather than a multi-currency basket. Rebalancing follows a fixed monthly cadence. And a quantitative model makes the decision, not a portfolio manager.
The environment is crowded anyway. SIX lists ETPs on more than 50 crypto underlyings by its own account. The exchange thus claims the broadest selection at a primary exchange worldwide. In total, the exchange counted 398 listed crypto products in March 2025, 184 of them ETPs on cryptocurrencies. Coinshares, 21Shares and WisdomTree rank as the largest providers.
What the provider's backtest shows
A track record naturally does not yet exist for the new product. The provider presents a simulation over five years of Bitcoin data and explicitly declares it a backtest. In it, the strategy would have gained 153.8%, while a pure Bitcoin position would have reached 50.4%. The downside risk came out smaller as well, at -41.8% versus -76.7%. Over two years, the backtest arrives at +28.4%, whereas Bitcoin would have lost 2.9%.
The provider names the limits of these figures itself. A backtest, after all, does not capture how a strategy performs in live operation. Moreover, the product offers no protection against losses. In strongly rising markets it can also lag a pure Bitcoin position, especially after product costs. The subscription period runs until October 1, 2026, and trading on SIX begins on October 6. After that, House of Satoshi plans to inform investors monthly about how the strategy develops.
