Bitcoin Capital launches actively managed Bitcoin, Ether ETPs on SIX Swiss Exchange
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Loading... - Nicola Collins
- 03 Dec 2021
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Ever since the first cryptocurrency-backed exchange-traded products were launched in the European market in 2018, asset managers have been getting increasingly creative with the kind of exposure they provide to investors. Earlier today, Bitcoin Capital AG announced the launch of two new ETPs on the SIX Swiss Exchange, which will be pioneers in providing the active management of these products.
The FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB) will be actively managed by crypto asset manager FICAS AG, according to a press release. Investors from Switzerland, Liechtenstein, and the European Union (excluding Hungary) will have access to these products.
The statement also noted that active management will help the products “counter negative price fluctuations” and eventually overcome the market cap of the two largest cryptos, Bitcoin and Ether. This is intended to attract a wider range of cryptocurrency investors by reducing the risk factor behind these investments.
Bitcoin Capital AG’s Chairman Dr. Luca Schenk opined that crypto assets will soon be part of the diversification strategy of many investment portfolios, adding,
“The two new products with the most relevant cryptocurrencies as underlying may, through their active management, improve the overall portfolio risk by reducing underlying volatility.”
Bitcoin Capital AG is a family office and FiCAS AG subsidiary based in Zug, Switzerland. It had earlier launched the actively managed Bitcoin ETP “Bitcoin Capital Active ETP” on the SIX Swiss Exchange.
The reduction of risk exposure is indeed one of the primary factors behind the increased demand for crypto-backed ETPs worldwide and their increased acceptance by several regulators. Read More…
