Exchanged Traded Products are collateralized, non-interest paying debt securities designed to replicate the performance of the underlying assets. ETPs trade on exchanges similar to stocks meaning their prices can fluctuate intraday. ETPs are structured and operate very similarly to traditional Exchange Traded Funds (ETFs). However, contrary to ETFs, ETPs are debt securities issued by a Special Purpose Vehicle (SPV).

Yes, AvexBitLimited also sees itself as a platform to support partners in launching their own tailor-made exchange listed crypto ETPs from A to Z.

No. The rules on which crypto assets can be used depend on local regulators and must be assessed on a case-by-case basis.

Most, if not all, crypto ETPs available on markets are passive products that track an index or a single underlying. An actively managed ETP is an innovative product. The asset manager continuously risk manages it and discretionarily trades the underlying, implementing its investment strategy in an effort to generate alpha over the benchmark.

You can trade our ETPs as simply as trading stock through your own bank account or any brokerage firm with access to SIX Swiss Exchange, Börse Stuttgart, or to Vienna Stock Exchange using an ISIN, Valor, WKN, or ticker.

FiCAS AG is the parent company of AvexBitLimited. Bitcoin Capital is the Issuer of the ETPs and responsible for the obligations of the issue and for reporting financial conditions, material developments and operational activities. FiCAS AG is a specialized crypto investment management boutique.

No. We are happy to assist, but you have to purchase the product through your bank or brokerage firm.

No. The product cannot be bought with cryptocurrencies. The settlement currency of each product is determined in the final term sheet.

The minimum investment is 1 ETP. The Issue Price of 1 Unit is determined in the final term sheet

As the product is tradable on the secondary market, there is no minimum holding period. Based on our historical trading experience, we recommend holding the product for the longer term.

The investments manager is FiCAS AG, a specialized crypto investments management boutique, based in Zug, Switzerland, with eminent experience in the sector.

Bitcoin Capital AG is charging a management fee per annum and performance fee above high watermark. The fees are determined in the final term sheet of each product.

The market price of Bitcoin Capital ETPs is close to the Net Asset Value (NAV) of the product. The NAV per unit is equal to the difference between the sum of the underlying’s assets values and issuer´s fees, divided by the amount of ETPs outstanding. Any divergence between the market price and the NAV would be monitored by market participants, applying arbitrage activities, moving the market price back towards NAV.

Yes. The investor can buy any quantity during the exchange trading hours. New ETPs, if needed, will be issued at market price or close to it. An ETP is a fully collateralized debt instrument that can be incrementally issued without limitation.

Please contact us immediately. We will take care of the rest and get back to you as soon as possible.

The digital assets are held in custody with industry-leading custodians. Bitcoin Capital AG is working together with different custodians to split the counter-party risk and ensure the safety of the underlying assets. Safety measures include cryptographic security, offline protection, multiple private keys, multi-signatures, and whitelisting of wallets. The list of the custodians can be found in the final term sheet of each product.