FiCAS Subsidiary Bitcoin Capital Lists Actively Managed Bitcoin, Ethereum ETPs in Switzerland

Through active management, the products are designed to counter the price volatility inherent to crypto assets.

Dec 2, 2021 at 9:57 a.m. UTC
Updated Dec 2, 2021 at 2:23 p.m. UTC

Bitcoin Capital, a subsidiary of Zug, Switzerland-based investment manager FiCAS, has listed actively managed exchange-traded products (ETPs) that offer exposure to bitcoin and ether on the SIX Swiss Exchange.

  • Through active management, the products are designed to counter the price volatility inherent in crypto assets, Bitcoin Capital said Thursday.
  • The 1 FiCAS Active Bitcoin ETP and 1 FiCAS Active Ethereum ETP are available to institutional, private and professional investors in Switzerland, Liechtenstein and European Union countries other than Hungary.
  • Investors will be able to access the products through their bank or broker just as they would investments such as equities or bonds, according to Bitcoin Capital.
  • The listings follow that of FiCAS’s actively-managed crypto ETP last year, which traded bitcoin against a range of other crypto assets, including ether, bitcoin cash and litecoin.
  • Increasing awareness of crypto assets has driven the release of exchange-traded products in recent months as institutional investors seek exposure to the sector. While exchange-traded funds (ETFs) that invest directly in crypto have yet to be permitted in the U.S., other jurisdictions have been more sanguine. Among others, WisdomTree has listed bitcoin and ether products in Switzerland, and the EU and Canada also allows them.

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Jamie Crawley is a CoinDesk news reporter based in London.