As crypto adoption especially Bitcoin goes mainstream globally, market innovators are seeking ways to benefit from the developing industry at a fast pace. According to the ETF stream, Swiss cryptocurrency investment management boutique FiCAS has launched the world’s first actively managed Bitcoin exchange-traded product (ETP).
This product is being referred to as Bitcoin Capital Active ETP (BTCA) and it is listed on the SIX Swiss Exchange with a management fee of 2%.
Bitcoin Capital Active ETP by FiCAS
To ensure professionalism in the new endeavor, BTCA will be managed by FiCAS, led by founder Ali Mizani Oskui who has been trading bitcoin and other cryptocurrencies since 2013.
“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,” Mizani explained.
“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,” he added.
Crypto trading and direct investing have become a very lucrative activity, despite being largely controlled by speculative trading. With clear regulations being well articulated in different jurisdictions, more investors cannot risk being left behind by a new anticipated bull wave.
“Amid the current market environment of historically low-interest rates and global equity market volatility, we are seeing a real desire among investors to diversify into alternative asset classes,” said Mattia Rattaggi, Chairman of the FiCAS Board.
BTCA Widens Investors Scope
The Bitcoin Capital Active ETP is registered by Swiss-based crypto investment management firm FiCAS and issued by Bitcoin Capital AG. This is meant to give investors confidence as scammers are flocking into the market at an unprecedented rate. In addition, the new ETP product is issued at 100 Swiss francs, the firm explained.
Although this is the world’s first active crypto ETP, there have been other players in the same field before.
One of them is the 21Shares which has been active for a while and been offering a range of products in the market including the three sterling-hedged crypto ETPs launched last month.
The other is the WisdomTree that entered the space in December 2019 with the launch of the cheapest crypto ETP on the market, the WisdomTree Bitcoin ETP (BTCW), which charges 0.95%.