Bitcoin Capital AG released two new exchange-traded products on the 6 Swiss Substitution: the FiCAS Active Bitcoin ETP (BTCB) and FiCAS Agile Ethereum ETP (ETHB), which are actively managed past FICAS AG.

Institutional investo, professional and private investors in Switzerland, Liechtenstein and the Eu (excluding Hungary) tin now invest in the new offerings via their banking company or broker just as they would with other listed financial assets such as equities or bonds.

"Our purpose is to grant investors safe and piece of cake access to digital assets and are convinced that crypto assets will soon be part of the diversification strategy of many investment portfolios," says Dr. Luca Schenk, chairman of Bitcoin Capital AG. "The two new products with the virtually relevant cryptocurrencies as underlying may, through their active management, improve the overall portfolio take a chance by reducing underlying volatility."

Related: Swiss SIX Exchange Lists Actively Managed Bitcoin ETP

The expansion of Bitcoin Capital AG's new services is intended to appeal to a wider range of investors and comes at a time when interest in cryptocurrencies is growing. The price of Bitcoin (BTC) has risen to all-time highs recently, reaching $68,789.63, while Ether (ETH) is seeing greater attention as well.

Bitcoin Capital letter AG is a family function and FiCAS AG subsidiary based in Zug, Switzerland. In July, Bitcoin Uppercase AG introduced the actively managed Bitcoin ETP "Bitcoin Uppercase Active ETP" on the Half-dozen Swiss Exchange.

Related: Exchange-traded products abound, but crypto is still waiting for an ETF

An ETP is a derivative security that trades based on investment instruments such as a commodity, currency, share toll or involvement rate, as opposed to crypto ETFs, which are 100% backed by the assets they are tracking.

Since the world's first crypto ETP was introduced on the Swiss Vi Commutation in belatedly 2022, several crypto ETPs have been developed. Amun'southward Crypto Basket ETP (HODL), which tracks five major cryptos, was first listed in 2022. In Feb 2022, the exchange added a Polkadot ETP.