Bitcoin Capital AG reportedly introduced two fresh exchange-traded products on the SIX Swiss Exchange: the FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB).
Specifically, both ETPs – under the active management of FICAS AG – will reportedly offer Swiss-based Institutional investors, professional, and private investors the opportunity to make investments in the new offerings through their bank or broker, in a similar manner as other listed financial assets like equities or bonds.
“Our purpose is to grant investors safe and easy access to digital assets and are convinced that crypto assets will soon be part of the diversification strategy of many investment portfolios” Dr. Luca Schenk, chairman of Bitcoin Capital AG, reportedly remarked regarding the development.
Per Schenk, the two fresh products – having the digital coins with the highest relevancy as underlying – have the ability to, via AG active management, offer enhancements to the overall portfolio risk via bringing down underlying volatility.
The widening of Bitcoin Capital AG’s new services’ scope reportedly has a primary target of catering to a more vast array of investors, and surfaced amid the time interest in crypto is experiencing a spike.
The price of Bitcoin (BTC) has undergone a surge to hit its all-time highs recently, reaching $68,789.63, while Ether (ETH) is witnessing increased attention also.
Bitcoin Capital AG is a family office and FiCAS AG subsidiary headquartered in Zug, Switzerland. In July, Bitcoin Capital AG rolled out the actively managed Bitcoin ETP “Bitcoin Capital Active ETP” on the SIX Swiss Exchange.
An ETP is a derivative security that trades based on investment instruments, nominally a commodity, currency, share price, or interest rate, bearing opposite natures to crypto ETFs, which are entirely backed by the assets they are tracking.
