Frequently Asked Questions

Discover FiCAS’s offers as well as get answer on any concers or doubts you may have.

Frequently Asked Questions

Discover FiCAS’s offers as well as get answer on any concers or doubts you may have.

About FiCAS

What is FiCAS AG?

FiCAS AG is a specialized crypto investments management boutique with eminent experience in the sector, based in Zug, Switzerland. The company is initially built from the intellectual property and track record of its founder, Ali Mizani Oskui, and is supported by resources with substantial expertise in asset management, finance,regulation, crypto trading and market analysis.

What is the FiCAS´experience?

The FiCAS team is dedicated to providing its customers with outstanding performance as well as, compliance, safety, and innovation. Its objective is to provide investors with cost-effective,easy-to-access, and risk-managed crypto investment solutions.

What is the connection between Bitcoin Capital AG and FiCAS AG?

FiCAS AG is the parent company of Bitcoin Capital AG. Bitcoin Capital AG issues ETPs on European regulated exchanges, while FiCAS AG acts as the asset manager for these ETPs, among other roles.

Why is FiCAS different?

FiCAS AG specializes in actively managed crypto investments. FiCAS solutions are not based solely on a single or underlying basket of indexed crypto assets, but are instead managed actively, closely monitoring market forces, crypto market sentiment, and quantitative trading patterns. Founder, Ali Mizani Oskui, is amongst the world’s first financial engineers to undertake a thorough understanding of the workings of this new asset class and its market. He has blazed a trail since 2015 by actively managing a number of cryptocurrency portfolios, including the most successful known crypto portfolio in the Middle East. Moreover, the product of FiCAS, 15 FiCAS Active Crypto ETP, is the first one worldwide in its type.

Is FiCAS regulated?

FiCAS AG investment management solutions are offered in full compliance with applicable Swiss laws. FiCAS AG is subject to the rules set out by the Swiss self-regulation organization “VQF” since 2019 and from the mid of December 2023 is operating under the portfolio manager license issued by FINMA. FiCAS is therefore subject to and complies with stringent regulatory requirements.

Trading

What are the fees for the products?

All fees are transparent and described in particular product´s term sheets found on the product page. Fees are already included in the price of the products. No hidden costs occur.

What are the advantages of investing in FiCAS products compared to buying the underlying assets on traditional crypto exchanges?

Investing in the emerging cryptocurrency market can be daunting, with challenges like securing custody, safeguarding private keys, accessing reliable information, and setting up external wallets. FiCAS simplifies this process, offering a seamless investment experience. By enabling investors to use their existing custody accounts, FiCAS eliminates the complexities of managing and securing crypto assets, providing a straightforward and secure pathway to the dynamic world of cryptocurrency investment.

Does FiCAS AG guarantee returns?

No – investments in cryptocurrencies and crypto assets are highly risky. Past performance cannot be taken as a guarantee for future performance. FiCAS AG does not recommend investing funds that one cannot afford to lose and reminds clients of the potential volatility in the course of the investments, which is best suited for long term investors.

What is the investment minimum?

The minimum investment amount is one unit (no fractions) of the product based on the current product price.

Why invest in crypto with FiCAS AG?

Crypto assets offer a way to diversify the investment portfolio. Bitcoin Capital AG (100% owned by FiCAS AG) has launched the world’s first actively managed ETP with cryptocurrencies as the underlying asset class on the SIX Swiss Exchange which is managed by FiCAS AG.

Are FiCAS’ products 100% collateralized?

Yes, our ETPs and ETIs are collateralized debt obligations, and the issuer is obligated to fully collateralize these products at all times.

Can I buy the products directly through FiCAS?

You can’t buy the products directly through FiCAS, but you can choose to buy our products using your current custody account with your bank or broker. If our products are not available on your platform, simply email your custody provider to inquire about gaining access or contact us.

How does FiCAS take decisions on asset allocations?

FiCAS combines fundamental and market analysis to make intelligent trading decisions, which are made by an investment committee to manage the portfolio and exposures in away that creates long-term value for the investors.

How can I invest in FiCAS solutions?

You can invest in our investment solutions through your bank or your online broker using the ISIN. For tailor-made solutions please contact us.

How are the assets of FiCAS’ products secured?

The underlying assets of the products are held by the most trusted custodians in the industry,including Coinbase, Kraken, and Crypto Broker. It's crucial to emphasize that the allocation of assets among these custodians is conducted in a weighted manner. This strategy ensures diversification of the assets, effectively mitigating counter party risk. Furthermore, FiCAS continuously evaluates the security measures of these custody providers to ensure the highest standards of asset protection.

Will FiCAS manage my funds directly?

The Exchange Traded Product and Exchange Traded Instrument solution combines the investments of many clients and allows FiCAS AG to manage the funds in a more efficient and cost-effective way. Even small investment amounts can benefit from the same advantages that traditionally only large investors could enjoy.

For tailor-made solutions or account management services please contact us.

Can I buy the products if I live outside of Switzerland?

FiCAS's actively managed products are presently available for trading on various exchanges, such as the SIX Swiss Exchange, Börse Stuttgart, and Wiener Börse. If your bank or broker provides access to any of these trading platforms, you have the option to invest in our products.

ETP and ETI

What is the difference between an ETP and an ETI?

While ETPs are available for purchase by professional, institutional and retail clients, ETIs are intended for professional and institutional investors (with some country-specific exceptions). Both products are actively managed, but the product composition options are different. While the ETP is bound by the regulations issued by SIX for the selection of assets, the ETI offers a much larger universe of possible assets for the product.

What is the difference between the market price and the NAV per unit?

The Net Asset Value (NAV) per unit of an ETP or ETI represents the value of its underlying units, serving as the daily-determined "fair value" at the close of each day. In contrast, the market price reflects the price from the most recent trade.

Why does the NAV sometimes differ from the market price of the ETP/ETI?

The market price of our ETPs and ETIs is influenced by the dynamics of supply and demand in the secondary markets. Depending on these market forces, the market price may either be above (referred to as the "premium") or below (referred to as the "discount") the NAV of the product.

How can I launch my own ETP or ETI?

If you would like to launch your own ETP or ETI, we will be pleased to advise you. Contact us at info@ficas.com.

How does FiCAS price the underlying assets of its products?

FiCAS prices the underlying assets of its products by leveraging a detailed process managed by a designated Calculation Agent. This agent calculates the value based on the total balance of digital assets held as collateral in all custody accounts,adjusted daily for Investor Fees. The price of each underlying digital asset is determined using data from a variety of exchanges to ensure a comprehensive market view. The specific Calculation Agent responsible for each product series is detailed in the Final Terms.

How is the market price of an ETP or ETI determined?

The market price of an Exchange-Traded Product (ETP) or Exchange-Traded Instrument (ETI) is guided by the Net Asset Value (NAV), which is calculated by the Calculation Agent. The Market Maker, adhering to this NAV, actively quotes buying and selling prices for the ETPs and ETIs, along with the trade volumes they are prepared to handle on the exchange. This approach, in compliance with the Market Making Agreement, ensures that the market prices align with the NAV, thereby providing liquidity and promoting efficient market operations.

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