Bitcoin Capital and Ficas Partner to Launch Crypto ETFs on Six to bring to market

Swiss cryptocurrency investment manager Ficas and its subsidiary Bitcoin Capital have jointly listed two actively managed digital asset exchange-traded products on local exchange Six.

Their new ETPs 1 Ficas Active Bitcoin and 1 Ficas Active Ethereum, which invest directly in their respective physical cryptocurrencies, are available to institutional and retail investors in Switzerland, Liechtenstein and the EU excluding Hungary.

Bitcoin Capital said the listings allowed investors to easily purchase the new ETPs through their banks or brokers, “just like other listed financial assets such as stocks or bonds.”

Luca Schenk, chairman of Bitcoin Capital, said crypto assets will “soon be part of the diversification strategy of many investment portfolios.”

He added that his company's two new products, which focus on the two most relevant cryptocurrencies, "through their active management, can improve overall portfolio risk by reducing underlying volatility."

Bitcoin Capital sees itself as a pioneer in innovative investment products and last year launched what it claims is the world's first listed actively managed crypto ETP, the 15 Ficas Active Crypto ETP.

The company said it is already planning to launch more new crypto investment products, adding that the “crypto journey is far from over.”

Last week, US firm Invesco became the largest asset manager to launch a Bitcoin ETP in Europe, while smaller domestic rival WisdomTree launched three cryptocurrency basket ETPs for European investors earlier this week.

Fidelity launched a spot Bitcoin ETF in Canada last week and Ignites Europe previously reported that UBS and State Street Global Advisors were also exploring the potential of products that offer exposure to cryptocurrencies such as Bitcoin.

*Ignites Europe is a news service for wealth management professionals published by FT Specialist. It covers everything from new product launches to regulations and industry trends. Trials and subscriptions are available atigniteseurope.com.