Switzerland’s principal stock exchange SIX Swiss Exchange is listing a new bitcoin exchange-traded product (ETP). The BTCA index, otherwise known as the “Bitcoin Capital Active ETP (BTCA),” is different from other crypto ETPs exchanged on SIX because it’s an “actively managed” cryptocurrency ETP.
SIX Swiss Exchange, based in Zurich is one Switzerland’s most popular stock trading platforms and the exchange allows investors to obtain securities like stock options, derivatives, and Swiss government bonds.
SIX has been offering crypto infused exchange-traded products (ETP) for quite some time now. This week the exchange revealed a new index called the BTCA or “Bitcoin Capital Active ETP” which was registered by FiCAS, a Switzerland-based investment manager.
“We have chosen coins that have their own blockchain, high market capitalization and a large liquidity pool,” Mattia Rattaggi, chairman of the FiCAS Board detailed in a written statement.
“Time will tell how this innovation will impact the industry. Arguably, an actively managed,…