The ETPs offer investors the opportunity to invest in cryptocurrencies without the custody risks.

SEBA Bank, a FINMA-licenced Swiss Bank, and GHCO, a liquidity provider and market maker specializing in exchange-traded funds, have partnered to launch a suite of crypto ETPs on the SIX Swiss Exchange from April 9, 2021.

The launch comprises Bitcoin and Ether Tracker Certificates in USD, a Tracker Certificate on the SEBAX Crypto Asset Select Index, and the first CHF currency-hedged Bitcoin Tracker. (ETF Stream)

The SEBA – GHCO Crypto ETPs

• Bitcoin Tracker Certificate USD (SBTCU) – TER of 0.75%
• Bitcoin Tracker Certificate CHF (SBTCC) – TER of 1.50%
• Ether Tracker Certificate USD (SETH) – TER of 0.75%
• SEBAX Tracker Certificate USD (SEBAX) – TER of 1.50%

The last-named ETP tracks the SEBAX® Crypto Asset Select Index, a widely-used digital assets market index.

Benefits for investors

The products offer 100% backing by coins, institutional-grade custody, quality procedures as expected from a licensed Swiss bank, and the track record of the SEBAX® Crypto Asset Select Index.

Stefan Schwitter, Head Investment Solutions at SEBA Bank, said: “We believe our products stand out based on the institutional-grade quality and the highly competitive price points. We are providing a secure and cost-effective alternative to holding coins directly at exchanges.”

Guido Bühler, CEO SEBA Bank, added: “We set out to build a bridge from traditional banking to the digital world. Our product philosophy and the exceptional performance track record of the SEBAX® Index are a reflection of this ambition.”

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