Bitcoin Capital AG released two new exchange-traded merchandise on the SIX Swiss Change: 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 put money into the brand new choices through their financial institution or dealer simply as they’d with different listed monetary belongings reminiscent of equities or bonds.
“Our objective is to grant traders protected 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, by their energetic administration, enhance the general portfolio threat by decreasing underlying volatility.”
The growth of Bitcoin Capital AG’s new providers is meant to enchantment 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 larger consideration as nicely.
Bitcoin Capital AG is a household workplace and FiCAS AG subsidiary based mostly in Zug, Switzerland. In July, Bitcoin Capital AG launched the actively managed Bitcoin ETP “Bitcoin Capital Active ETP” on the SIX Swiss Change.
An ETP is a by-product safety that trades based mostly on funding devices reminiscent of 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 Change 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 change added a Polkadot ETP.