Swiss SIX Exchange Lists Actively Managed Bitcoin ETP
Registered by Swiss crypto investment manager FiCAS, the new Bitcoin Capital Active ETP trades crypto without direct investor involvement. Swiss SIX Exchange, one of the world’s largest stock exchanges, is listing a new cryptocurrency exchange-traded product, or ETP. Dubbed the “Bitcoin Capital Active ETP,” the new trading product represents an actively managed crypto ETP, trading Bitcoin (BTC) against 14 top altcoins like Ether (ETH) and exiting to fiat without active involvement from investors. Claimed to be the world’s first actively managed crypto ETP, the new product is now listed on SIX Exchange under index BTCA. Discretionary ETP might be a great fit for the crypto industry The BTCA is registered by Swiss-based crypto investment management firm FiCAS and issued by Bitcoin Capital AG.
Coin Telegraph - 28th Jul 09:07