Bitcoin Capital AG launches two crypto ETPs on SIX Swiss Exchange

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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 buyers, skilled, and personal buyers in Switzerland, Liechtenstein, and the European Union (excluding Hungary) can now put money into the brand new choices by way of their financial institution or dealer simply as they’d with different listed monetary property comparable to equities or bonds.

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“Our function is to grant buyers secure and quick access to digital property and are satisfied that crypto property 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 probably the most related cryptocurrencies as underlying might, by means of their lively administration, enhance the general portfolio danger by decreasing underlying volatility.”

Associated: Swiss SIX Exchange Lists Actively Managed Bitcoin ETP

The enlargement of Bitcoin Capital AG’s new companies is meant to attraction to a wider vary of buyers and comes at a time when curiosity in cryptocurrencies is rising. The value of Bitcoin (BTC) has risen to all-time highs just lately, reaching $68,789.63, whereas Ether (ETH) is seeing higher consideration as nicely.

Bitcoin Capital AG is a household workplace and FiCAS AG subsidiary primarily based in Zug, Switzerland. In July, Bitcoin Capital AG launched the actively managed Bitcoin ETP “Bitcoin Capital Active ETP” on the SIX Swiss Change. 

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

An ETP is a spinoff safety that trades primarily based on funding devices comparable to a commodity, foreign money, share worth, or rate of interest, versus crypto ETFs, that are 100% backed by the property they’re monitoring.

For the reason that 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 alternate added a Polkadot ETP.