FiCAS subsidiary Bitcoin Capital has debuted the world's first actively-managed bitcoin and ethereum exchange-traded products (ETPs).
The 1 FiCAS Active Bitcoin ETP (BTCB) and 1 FiCAS Active Ethereum (ETHB) have listed on the Swiss SIX Exchange with management fees of 0.95% and outperformance fees of 20%.
BTCB and ETHB offer physically-backed and unleveraged exposure to their underlying cryptocurrencies.
Their active management methodologies differentiate them from most crypto ETPs, as managers buy and sell digital assets tactically to try and outperform their underlying.
Both strategies use discretionary allocations based on investment research, technical and fundamental analysis, proprietary algorithms and artificial intelligence (AI) to counter negative price fluctuations.
Both products are available to retail and institutional investors in Switzerland, Liechtenstein and the EU – except for Hungary – via licenced banks and brokers.
Dr. Luca Schenk, chairman of Bitcoin Capital, said: “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.
“The two new products with the most relevant cryptocurrencies as underlying may, through their active management, improve the overall portfolio risk by reducing underlying volatility.”
In 2020, the firm launched an active crypto basket strategy, the 15 FiCAS Active Crypto ETP (BTCA), which entered as the world’s first actively managed crypto ETP.