Ficas and its affiliate Bitcoin Capital, a Swiss cryptocurrency investment manager, have jointly launched two actively managed digital assets exchange-traded vehicles on the local stock exchange Six.
Institutional and private investors in Switzerland, Liechtenstein, and the EU, save Hungary, can invest directly in their new 1 Ficas Active Bitcoin and 1 Ficas Active Ethereum ETPs, which invest directly in their respective physical cryptocurrencies.
The listings, according to Bitcoin Capital, allowed investors to acquire the new ETPs exactly like they do with other listed financial products, like shares or bonds through their banks or brokers.
Crypto assets will “soon be part of the diversification strategy of many investment portfolios,” according to Luca Schenk, chair of Bitcoin Capital.
He went on to say that his firm’s two new products, which focus on the two most important cryptocurrencies, “may, through active management, improve overall portfolio risk by reducing underlying volatility.”
Bitcoin Capital considers itself a pioneer in novel investment products, having introduced the 15 Ficas Active Crypto ETP last year, which it claims is the world’s first listed actively managed crypto ETP.
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