Today's listing of Iconic Funds' physical Bitcoin ETP reflects the growing interest in trading crypto products on the Swiss stock exchange. In the first five months of 2021, a volume of CHF 4.25 billion has already been traded - more than in any other full year since admission to trading. Compared to the previous year, this corresponds to an increase of 283%.
“Investors looking for collateralised investment products granting access to crypto currencies increasingly turn to SIX. With its wide product offering, SIX is a world leader: 10 different single crypto currencies are accessible via ETPs and structured products on our platform. A warm welcome to Iconic Funds joining our issuer ranks and further expanding the product range”, says Christian Reuss, Head SIX Swiss Exchange.
In the first five months of the year, six new product issuers have already found their way onto the Swiss stock exchange. Before Iconic Funds, these were ETC Group, CoinShares and SEBA in the ETP segment, Tabula in ETFs and Exane in structured products. In the area of crypto products, investors will find a unique selection on the Swiss stock exchange with 92 ETPs and structured products that track various cryptocurrencies and indices.
This gives investors the opportunity to diversify their portfolio with products that can be traded in the regulated environment of the Swiss stock exchange. An overview of all products with crypto underlying can be found here.
Iconic Funds was founded in 2019 with a mission to drive the adoption of crypto-assets. Iconic's licensed and regulated vehicles provide investors with access to crypto-assets and numerous investment options - from passive index exposure to actively managed strategies. The Iconic Funds Physical Bitcoin ETP (XBTI) tracks the price of Bitcoin (BTC). The ETP is backed by physical Bitcoins and stored offline by regulated and additionally insured crypto custodians.