{"id":26564,"date":"2020-07-28T18:02:55","date_gmt":"2020-07-28T15:02:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26564"},"modified":"2025-08-26T15:06:58","modified_gmt":"2025-08-26T12:06:58","slug":"first-actively-managed-bitcoin-etp-listed-on-six-exchange","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/first-actively-managed-bitcoin-etp-listed-on-six-exchange\/","title":{"rendered":"First Actively Managed Bitcoin ETP Listed on SIX Exchange"},"content":{"rendered":"<p>The SIX Swiss Exchange, Switzerland&#8217;s largest stock exchange, added to its list of tradable instruments the Bitcoin Capital Active ETP, which actively rebalances Bitcoin against 14 altcoins.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Swiss SIX Exchange, one of the world\u2019s largest stock exchanges, Lists Bitcoin Capital Actively Managed Crypto ETP <a href=\\\"https:\/\/t.co\/4hQSLX2Pjn\\\">https:\/\/t.co\/4hQSLX2Pjn<\/a><\/p>\n<p>\u2014 FiCAS (@Ficas_ltd) <a href=\\\"https:\/\/twitter.com\/Ficas_ltd\/status\/1288063692001742848?ref_src=twsrc%5Etfw\\\">July 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>A distinctive feature of the new ETP, which trades under the ticker BTCA, is that it is denominated in fiat currency. The notional value of one lot is 100 Swiss francs. Investors do not participate in the management of the instrument.<\/p>\n<p>Matteo Rattaggi, chair of FiCAS&#8217;s board of directors, <a href=\\\"https:\/\/cointelegraph.com\/news\/swiss-six-exchange-lists-actively-managed-bitcoin-etp\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">\u043e\u0431\u044a\u044f\u0441\u043d\u0438\u043b<\/a> that the BTCA development is driven by a desire to provide liquidity, address retail investor concerns and satisfy portfolio rebalancing requirements. FiCAS is a licensed cryptocurrency investment management firm.<\/p>\n<p>Rattaggi compared BTCA to traditional <simple_tooltip content=\u2019<span style=\\\\\\\"font-weight: 400;\\\\\\\">the form of fiduciary management of a client investment portfolio, in which the managing company is endowed with the right to make independent decisions about portfolio management<\/span>\u2018>\u0434\u0438\u0441\u043a\u0440\u0435\u0446\u0438\u043e\u043d\u043d\u044b\u043c \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u0435\u043c \u043f\u043e\u0440\u0442\u0444\u0435\u043b\u0435\u043c<\/simple_tooltip>. He believes such a form of ETP is well suited for the emerging crypto market:<\/p>\n<blockquote>\n<p>\u00abProbably, an actively managed ETP is better suited to the market than a passive ETP due to a greater focus on active risk management\u00bb, \u2014 \u043f\u043e\u044f\u0441\u043d\u0438\u043b \u041c\u0430\u0442\u0442\u0438\u0430 \u0420\u0430\u0442\u0442\u0430\u0434\u0436\u0438.<\/p>\n<\/blockquote>\n<p>The list of cryptocurrencies in Bitcoin Capital Active ETP is determined by SIX. It includes assets with their own blockchains, high market capitalization and significant liquidity. Private cryptocurrencies are not included in the new financial product.<\/p>\n<p>Earlier in the year SIX added a bitcoin ETP that allows bets on a decline.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SIX Swiss Exchange, Switzerland&#8217;s largest stock exchange, added to its list of tradable instruments the Bitcoin Capital Active ETP with active rebalancing of Bitcoin against 14 altcoins.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[914,1211,468],"class_list":["post-26564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-six-swiss-exchange","tag-stock-market","tag-switzerland"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26564"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26564\/revisions"}],"predecessor-version":[{"id":26565,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26564\/revisions\/26565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}