Swiss SIX, one of the world’s major stock exchanges, has listed the world’s first actively managed Bitcoin ETP. 

The new ‘Bitcoin Capital Active ETP’ is an actively managed crypto ETP, trading Bitcoin (BTC) against 14 of the most popular altcoins, including Ether (ETH), and exiting to fiat. The coins selected for trading all have their own blockchains, high market capitalization, large liquidity pools, and exclude privacy coins.

Registered by Zug-based cryptocurrency investment management firm FiCAS, and issued by Bitcoin Capital AG, the new ETP is now listed on SIX Exchange under the index BTCA. 

Crucially, the ETP doesn’t require active involvement on the part of investors, making it a convenient option for many investors, and similar to traditional discretionary portfolio management. 

Discussing the new product founder of FiCAS, Ali Mizani Oskui, explained:

“Devising the world’s first actively managed Crypto ETP marks an important milestone in our effort to deliver enhanced market returns for our clients over time. Based on our in-depth trading and analytical experience, actively managing our underlyings allows us to preempt and react to market movements through the discretionary buying and selling of crypto assets to steer risk-adjusted returns. 

“Personally, I have built my expertise in crypto trading since 2013, with a strong track record in outperforming the market. I look forward to bringing my trading experience to global and institutional markets with this pioneering product.”

Unlike crypto ETF’s, crypto ETP’s are 100% backed by the assets they track. Investors can purchase the Bitcoin Capital Active ETP similar to buying shares on the secondary market, through any broker or financial advisor with access to the Swiss Stock Exchange. 

Swiss SIX Exchange listed the world’s first crypto ETP, Amun’s Crypto Basket ETP (HODL) towards the end of 2018, and now offers investors several such products, including several backed by crypto asset manager 21Shares. 

AYO.NEWS says:

An actively managed cryptocurrency exchange traded product like this should make crypto more attractive to a whole range of new investors, who want to tap into the potential of digital assets, minus the hassle. We’re sure it will be the first of many similar products to launch over the coming months. 

Staying with Bitcoin’s investment potential, earlier today we reported that Nigel Green, founder and CEO of financial consultancy firm deVere has said increasing global instability, particularly rising US-China tensions, could help Bitcoin “knock gold from its long-held position.” 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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