Bitcoin Capital AG has released two new exchange-traded products on the Swiss SIX exchange: FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB), which are actively managed by FICAS AG.

Institutional investors, professional and private investors in Switzerland, Liechtenstein and the European Union (excluding Hungary) can now invest in new offerings through their bank or broker, as if they were investing in other listed financial assets such as stocks or bonds.

“Our goal is to provide investors with safe and easy access to digital assets, and we are confident that cryptocurrencies will soon become part of the diversification strategy of many investment portfolios,” said Dr. Luca Schenk, Chairman of Bitcoin Capital AG. “Two new products based on the most current cryptocurrency, if actively managed, can improve overall portfolio risk by reducing underlying volatility.”

Related Topics: SIX Swiss Exchange Lists Actively Managed by Bitcoin ETP

The expansion of new services of Bitcoin Capital AG is aimed at attracting a wide range of investors and is taking place at a time of growing interest in cryptocurrencies. Bitcoin (BTC) recently climbed to all-time highs, reaching $ 68,789.63, while Ether (ETH) has also received increased attention.

Bitcoin Capital AG is a family office and subsidiary of FiCAS AG headquartered in Zug, Switzerland. In July, Bitcoin Capital AG introduced the actively managed Bitcoin ETP “Bitcoin Capital Active ETP” on the SIX Swiss Exchange.

About this: Exchange-traded products are booming, but cryptocurrencies are still waiting for ETFs.

An ETP is a derivative that is traded on an investment instrument such as a commodity, currency, stock price, or interest rate, as opposed to crypto ETFs, which are backed by 100% of the traceable assets.

Since the world’s first crypto-digital e-currency was introduced on the Swiss SIX platform at the end of 2018, several crypto-ETPs have been developed. ETP Crypto Basket ETP (HODL) Amun, which tracks five major digital currencies, was first listed in 2018. In February 2021, the exchange added the ETP Polkadot.

Source: CoinTelegraph

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