Swiss crypto manager FiCAS AG on Tuesday unveiled what it called the first actively managed bitcoin exchange-traded product (ETP).
- FiCAS AG Chairman Mattia Rattaggi told CoinDesk his firm will manage a Bitcoin Capital Active ETP's portfolio of up to 15 altcoins as determined by market capitalization, liquidity and the rules of its host exchange, the SIX Swiss Exchange.
- Privacy coins will not be allowed in the basket, the prospectus said.
- Bitcoin Capital AG is issuing the ETP.
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