Through active management, the products are designed to counteract the price volatility inherent in crypto assets. Bitcoin Capital, a subsidiary of Zug, the Swiss-based investment manager FiCAS, has listed actively managed exchange-traded (ETP) products 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 product through their bank or broker in the same way as they would with investments such as stocks or bonds, according to Bitcoin Capital. The list follows that of the crypto ETP actively managed by FiCAS last year, which traded bitcoins with a variety of other crypto assets, including ether, bitcoin cash, and litecoin.
Growing awareness of crypto assets has fueled the launch of publicly traded products in recent months as institutional investors seek exposure to the sector. While exchange-traded funds (ETFs) investing directly in crypto have yet to be allowed in the US, other jurisdictions have been more bullish. Among others, WisdomTree has listed bitcoin and ether products in Switzerland and the European Union and Canada also allow them.