Switzerland: a new ETP on Bitcoin listed on SIX
Switzerland: a new ETP on Bitcoin listed on SIX

Switzerland: a new ETP on Bitcoin listed on SIX

By Eleonora Spagnolo - 28 Jul 2020

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FiCAS AG has listed a new ETP on Bitcoin on the Swiss stock exchange SIX. 

It is called Bitcoin Capital Active ETP (BTCA) and is issued by Bitcoin Capital AG.

It is the first ETP actively managed by the Swiss company FiCAS AG. 

It is priced at 100 Swiss francs (CHF). The debut is set for today, 28 July 2020.

The ETP has received the go-ahead from the regulatory authorities and can be purchased as any share, through banks, brokers or financial advisors negotiating on the SIX. 

Its value is not fixed but rather it can increase and decrease through active trading operations of Bitcoin with altcoins, possibly converting it into fiat currency, depending on market conditions. 

This is handled by the FiCAS team, which implements appropriate investment and trading strategies, also thanks to proprietary analysis software and long experience in the field. All this to ensure the best return. 

An ETP on Bitcoin listed on SIX

FiCAS is a company specializing in cryptocurrency investments whose aim is to obtain “Better than market” performance, better than what you would get from the market, precisely by managing these investments. It was founded by Ali Mizani Oskui, who has 20 years of experience in financial markets, with a focus on the cryptocurrency market. He became famous for his strategy that led him to multiply his earnings when Bitcoin reached an all-time high of $20,000.

About the new ETP on Bitcoin, Ali Mizani Oskui explained:

“Devising the world’s first actively managed Crypto ETP marks an important milestone in our effort to deliver  enhanced market returns for our clients over time. 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 returns. Personally, I have built my expertise in crypto trading since 2013, with a strong track record in outperforming the market. I look forward to bringing my trading experience to global and institutional markets with this pioneering product.”

Mattia Rattaggi, Chairman of the Board of Directors of FiCAS, added:

“In the current market environment of historically low interest rates and volatile global stock markets, we are seeing a real desire from investors to diversify into alternative asset classes. With this in mind, the pioneering launch of FiCAS’ ETP today, an industry first success, is the ideal opportunity to pursue higher returns while expanding asset diversification. A discretionary managed ETP is a new tool much more appropriate in the context of the cryptocurrency market, still in its infancy, and is a further bridge between the world of traditional finance and the crypto-finance world”.

What is a ETP

An ETP is an abbreviation for Exchange Traded Product. It should have the value of the underlying product, but the case of Bitcoin Capital Active ETP is different because it is “actively managed”, so it does not replicate the value of a Bitcoin. 

A similar product is already listed on the German stock exchange Deutsche Boerse. Six Swiss Exchange has also been offering this type of product for some time. 

Compared to buying a real Bitcoin (or part of a Bitcoin), those who invest in an ETP are in the presence of a traditional stock market and therefore enjoy better guarantees and security than the cryptocurrency market. It is a purchase option practiced by those who are not familiar with cryptocurrency and want the “comfort” of traditional finance. 


Eleonora Spagnolo

Journalist passionate about the web and the digital world. She graduated with honours in Multimedia Publishing at the University La Sapienza in Rome and completed a master's degree in Web and Social Media Marketing.

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