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

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

Bitcoin Capital, a subsidiary of Zug, Switzerland-based funding supervisor FiCAS, has listed actively managed exchange-traded merchandise (ETPs) providing publicity to bitcoin and ether on the SIX Swiss Exchange.

  • Through lively administration, the merchandise are designed to counter the value volatility inherent in crypto property, Bitcoin Capital said Thursday.
  • The 1 FiCAS Active Bitcoin ETP and 1 FiCAS Active Ethereum ETP can be found to institutional, personal {and professional} buyers in Switzerland, Liechtenstein and European Union nations aside from Hungary.
  • Investors will have the ability to entry the product by way of their financial institution or dealer simply as they might investments equivalent to equities or bonds, in response to Bitcoin Capital.
  • The itemizing follows that of FiCAS’s actively-managed crypto ETP final 12 months, which traded bitcoin in opposition to a variety of different cryptoassets together with ether, bitcoin money and litecoin.
  • Increasing consciousness of crypto property has pushed the discharge of exchange-traded merchandise in current months as institutional buyers search publicity to the sector. While exchange-traded funds (ETFs) that make investments instantly in crypto have but to be permitted in the U.S., different jurisdictions have been extra sanguine. Among others, WisdomTree has listed bitcoin and ether merchandise in Switzerland and the European Union and Canada additionally permits them.

Read extra: 21Shares to List Europe’s First Polygon ETP in Paris, Amsterdam

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