Swiss exchange lists crypto ETP — the first product of its kind

FiCAS launches actively managed Bitcoin ETP called Bitcoin Capital Active ETP on Switzerland’s SIX exchange

FiCAS, the Swiss crypto asset investment firm, recently issued the world’s first actively managed exchange-traded crypto product on the SIX exchange.

FICAS has introduced a Bitcoin Capital Active ETP (BTCA), which includes Bitcoin and the top 15 altcoins on the market.

Ali Mizani Oskui, the founder of FiCAS, has an astonishing crypto trading record. Mizani started trading crypto in 2013, with his crypto fund outperforming Bitcoin’s value by 110% between 2015 and 2018.

The moment Bitcoin peaked in value in Q4 of 2017, he immediately switched to a cash position and the fund came out with a return of over 90 times.

In a media release Mizani stated:

“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 return.”

The release detailed the investment strategy that FiCAS uses: “Technical and fundamental analysis, proprietary algorithms and quant signals and the trading experience of the team.”

BTCA currently charges a management fee of 2%, while WisdomTree Bitcoin ETP charges 0.95%.

New demands mean new opportunities

FiCAS Chairman, Dr Mattia Rattaggi, expressed that at this time investors are looking for alternative assets to invest in due to all-time low interest rates. BTCA fulfils this demand with an automated managing mechanism and a low-risk strategy.

Rattaggi also mentioned the impact such a technology will have upon the industry and how a discretionary ETP could be better for crypto rather than the traditional passive ETP.

Rattaggi thinks that:

“Time will tell how this innovation will impact the industry. Arguably, an actively managed, discretionary ETP may be better suited for the still nascent cryptocurrency markets, because it focuses on active risk management more than in a systematically-driven passive ETP”

In the past, many investors remained hesitant when it came to crypto investment, since it was largely unregulated, volatile and a fairly new industry.

However, European countries are steadily introducing and implementing new crypto and blockchain regulations, and as a result, the crypto market could see an influx of new investors.