The world's first actively managed cryptocurrency ETP, FiCAS AG's BTCA, can now open its doors to the entire European market under EU authorization.
Recently, the founder of FiCAS AG, Ali Mizani Oskui, revealed that the company was authorized by the European Union (EU) to launch its ETP product, or exchange-traded product, openly, throughout the European market. Bitcoin Capital Active ETP (BTCA), renamed on December 16, 2020 as 15 FiCAS Active Crypto ETP, registered under the ISIN code CH0548689600, is the first ETP of cryptocurrencies, actively managed in the world, which was launched in July last year for listing on the SIX Swiss Exchange, Switzerland's main stock exchange.
“We listed the world’s first actively managed cryptocurrency ETP.”
Now, with the recent authorization granted by the European Union, the company can extend its product to other markets in Europe. The EU provided FiCAS with the approval and passport of the Base Prospectus, as well as other documentation of its BTCA product, under EU law, opening the doors of access, to the entire European market, to this first actively managed crypto ETP. With this, all retail, accredited and institutional investors will have access to an innovative cryptocurrency investment product, which guarantees them a safe and reliable entry to the revaluation potential of the assets of the digital industry.
It may interest you: FiCAS successfully launches the Bitcoin Capital Active ETP (BTCA), now trading on the SIX
Growth and expansion for BTCA
Oskui noted that all investors interested in acquiring its BTCA ETP product will be able to do so through their banks, financial institutions or stockbrokers connected to the SIX Swiss Exchange, in a way that is as simple and easy as buying shares. Oskui also highlighted that thanks to the recent authorization, FiCAS will be able to expand its product beyond the Swiss market where it was born, giving a broader group of investors the opportunity to enter the world of cryptocurrencies and digital assets, and FiCAS to expand its product in a broader and more robust market such as the European Union.
On the other hand, the executive and renowned fund manager also pointed out that since the launch of his product on July 15, 2020, to date, assets under management (AuM) exceeded $5 million, and the BTCA ETP showed a total return of almost 60% since its launch. With these figures, Oskui highlighted that, together with his partners, they are prepared to be at the forefront of the adoption of crypto assets for all investors in Europe.
From Bitcoin Capital Active ETP to 15 FiCAS Active Crypto ETP
FiCAS announced that its product, initially called “Bitcoin Capital Active ETP”, would be renamed “15 FiCAS Active Crypto ETP” since December 16, 2020. The change occurred because BTCA is a unique product that operates based on 15 cryptocurrencies, so its new name better emphasizes the commercial strategy that the ETP encompasses. This product was developed to eliminate the barriers to entry to digital markets, which are currently growing and consolidating, and which harbor great potential for revaluation in the medium and long term.
BTCA thus functions as an innovative discretionary managed investment vehicle that does not track bitcoins or any combination of cryptocurrencies, but rather actively manages investments in the top 15 cryptocurrencies on the market; allowing for sustainable returns to be generated over 3-5 year periods, the company explains. BTCA provides a secure and regulated gateway for all investors seeking greater exposure to cryptocurrencies.
Continue reading: Amdax BV, the first cryptocurrency service provider approved by De Nederlandsche Bank
