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Swiss SIX Exchange actively lists an ETP managed by Bitcoin

July 28, 2020

Swiss SIX Exchange, one of the largest exchanges in the world, You are listing for a new Cryptocurrency Exchange product or ETP.

Nickname “Bitcoin Capital Active ETP”, The new exchange product represents an actively managed cryptocurrency ETP, in which Bitcoin (BTC) is exchanged for the 14 best altcoins how to go to fiat with ether (ETH) and without active participation from investors.

Praised as the world’s first actively managed crypto ETP, The new product is now listed on the SIX Exchange under the BTCA index.

Discretionary ETP could be great for the crypto industry

Swiss SIX Exchange actively lists an ETP managed by BitcoinSwiss SIX Exchange actively lists an ETP managed by Bitcoin

BTCA is registered with FiCAS, a Swiss-based crypto investment management company, and is issued by Bitcoin Capital AG. The new ETP product will be issued at CHF 100.

Mattia Rattaggi, Chairman of the FiCAS Board, explained this BTCA’s issue price was driven by a desire to balance and ease market liquidity, retailer’s concerns and portfolio management requirements.

Rattaggi noticed that Investors now have the new opportunity to invest money in a crypto-EPT that outsources their direct shares and compares BTCA to traditional discretionary portfolio management.. Rattagi added that the new product should be a good option for the emerging crypto market:

“Time will tell how this innovation will impact the industry. An actively managed discretionary EFA may be more suitable for emerging crypto markets because it focuses more on active risk management than systematically controlled passive EFA.”

The list of cryptocurrencies approved for trading is defined and implemented by the SIX ExchangeRattagi said: “We selected currencies that have their own blockchain, large market capitalization and large liquidity pool.” He noted that the ETP does not contain data protection currencies.

What is a crypto ETP?

In the traditional financial markets An EPT is a type of security that is listed in the form of derivatives and traded on the basis of investment instruments like a commodity, a currency, a stock price or an interest rate. In contrast to exchange-traded funds Or cryptocurrency ETFs, these are always 100% hedged by the assets they track.

Swiss SIX Exchange has listed several crypto ETPs since the world’s first ETPs were listed at the end of 2018. At that time, the Amuns Crypto Basket ETP (HODL) exchange listed five major cryptocurrencies such as Bitcoin, Ether, XRP, Bitcoin Cash (BCH) and Litecoin (LTC). Since January 2020, SIX Exchange has also been listing numerous ETPs that are supported by Crypto Asset Manager 21Shares.

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