The two actively managed digital assets exchange traded products on local stock exchange Six have been listed by Swiss cryptocurrencies investment manager Ficas and its subsidiary Bitcoin Capital.
The new 1 Ficas ActiveBitcoin and 1 Ficas ActiveEthereumETPs, which invest directly in their respective physical cryptocurrencies, are available for institutional and private investors in Switzerland, Liechtenstein and the EU, except Hungary.
The company said it is already planning to launch additional new investment products, and that the journey will be far from the beginning of this week. US firm Invesco became the largest asset manager to launch a bitcoin ETP in Europe, while smaller domestic rival WisdomTree launched three basket ETPs for European investors earlier this week.
Fidelity launched a spot in Canada last week and Ignites Europe previously reported that UBS and State Street Global Advisors were looking into the potential for products to offer exposure to cryptocurrencies, such asBitcoin.
Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. It covers everything from new product launches to industry trends.