New Crypto Currency ETP Issuer Joins the Swiss Stock Exchange

Bitcoin Capital launches the very first actively-managed Crypto ETP tradable on a regulated marketplace. This takes the number of ETP providers available at SIX to 5, and the number of ETPs to a record of 31 – further strengthening the position of the Swiss Stock Exchange as the world’s leading market place for regulated crypto products.

 “We are delighted to welcome Bitcoin Capital to the family of ETP providers offering their product on our exchange. The Bitcoin Capital Active ETP is the first in its class and expands the existing ETP universe by offering access to an actively-managed crypto product. With the new listing, the segment of tradeable crypto instruments increases to over 140 products” says Alain Picard, Head Trading Sales & Management, Securities & Exchanges, SIX. “Crypto products at SIX registered a market turnover of more than CHF 360 million and accounted for 16’000 transactions in the first half of 2020.”

FiCAS AG is a Swiss-based crypto investment management boutique. The firm devised the Bitcoin Capital Active ETP which is issued by Bitcoin Capital AG. The world’s first actively-managed exchange traded product is available to both retail and institutional investors in Switzerland and in selected jurisdictions across Europe. The ETP provides additional opportunities for retail and institutional investors to diversify their portfolios by incorporating an actively-managed basket of cryptocurrencies.  

An ETP is a collateralized, non-interest-paying bearer debt security issued as a security and traded as well as redeemed in the same structure on a continuous basis. Collateral is deposited with a third party and amounts to at least 100% of the outstanding amount. Further information on the ETP trading segment on the Swiss Stock Exchange is published online.

2019 was a record year for crypto products on the Swiss Stock Exchange. With this rapid growth, it is easy to lose track. To put an end to your search for products with a crypto underlying, the Swiss Stock Exchange recently introduced a corresponding search function and overview for structured products.