Bitcoin Capital AG launches two crypto ETPs on six Swiss exchanges

Bitcoin Capital Corporation Released Two new exchange-traded products on the six Swiss exchanges: FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB), which are actively managed by FICAS AG.

Institutional investors, professional investors and private investors in Switzerland, Liechtenstein and the European Union (excluding Hungary) can now invest in new products through their banks or brokers, just as they invest in other listed financial assets such as stocks or bonds.

Dr. Luca Schenk, Chairman of Bitcoin Capital AG, said: “Our goal is to allow investors to access digital assets safely and easily, and believe that crypto assets will soon become part of many portfolio diversification strategies.” Two new cryptocurrency-based products, through active management, can improve the overall portfolio risk by reducing the underlying volatility.”

related: Six Swiss exchanges list actively managed Bitcoin ETP

The expansion of Bitcoin Capital AG’s new services is aimed at attracting a wider range of investors and comes at a time when interest in cryptocurrencies is growing. The price of Bitcoin (Bitcoin) Recently rose to an all-time high, reaching US$68,789.63, while the ether (Ethereum) Has also received more attention.

Bitcoin Capital AG is a family office and a subsidiary of FiCAS AG based in Zug, Switzerland. In July, Bitcoin Capital AG launched an actively managed Bitcoin ETP “Bitcoin Capital Active ETP” At the Sixth Swiss Exchange.

related: Exchange-traded products abound, but crypto is still waiting for ETF

ETP is a derivative security that is traded based on investment instruments such as commodities, currencies, stock prices or interest rates, rather than encrypted ETFs, which are 100% backed by the assets they track.

due to The world’s first encrypted ETP Launched on Swiss SIX Exchange at the end of 2018, several encrypted ETPs have been developed. Amun’s Crypto Basket ETP (HODL)Tracking five major cryptocurrencies, which were listed for the first time in 2018. In February 2021, the exchange added a ETP dot.