Alternative Investments/Digital Assets: World’s First Actively Managed Bitcoin ETP Launches

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Swiss cryptocurrency investment management boutique firm FiCAS launched the BTCA exchange-traded product on the SIX Swiss Exchange.

FiCAS AG, a Swiss crypto-asset investment firm founded by Ali Mizani Oskui, has received the approval from the SIX Swiss Exchange and other regulatory clearances to list the Bitcoin Capital Active ETP (BTCA) on the Exchange. (ETF Express)

Unique trading strategy

Issued at CHF 100, the discretionary ETP will be issued by Bitcoin Capital AG and managed by FiCAS. The investment manager claims to have in place a unique trading strategy that outperformed Bitcoin by over 100% during 2015-18. It also returned more than 90x in USD-equivalent.

BTCA is described as the world’s first actively managed Crypto ETP featuring cryptocurrencies as the underlying assets.

The ETP trades the top 15 cryptocurrencies and claims to deliver enhanced returns for its clients via active trading and risk management. Its process includes technical and fundamental analysis, proprietary algorithms, and quant signals.

“Based on our in-depth trading and analytical experience, actively managing our underlying allows us to preempt and react to market movements through the discretionary buying and selling of crypto assets to steer risk-adjusted returns,” said Oskui. “Personally, I have built my expertise in crypto trading since 2013, with a strong track record in outperforming the market.”

The ETP is available to both retail and institutional investors in Switzerland and select jurisdictions across Europe.

A crypto ETP is a convenient way for investors to gain exposure to digital assets. It is similar to buying shares in the market. The investors do not have to bother with the risks associated with the direct purchase and custody of cryptocurrencies.

Alternative asset class

“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 Dr. Mattia Rattaggi, Chairman of the FiCAS Board. “With this in mind, FiCAS’ pioneering ETP launch today, an industry-first achievement, is the ideal opportunity to pursue superior returns while expanding asset diversification.”

Related Story:   A New WisdomTree Alternative ETF Will Invest in Bitcoin                                                

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