All press releases and statements

15.11.2022 – Statement

Zug, Switzerland — The bankruptcy of the crypto exchange FTX has further destabilized the crypto markets, sending shockwaves through the crypto industry which will take some weeks to fully play out. FiCAS AG and its subsidiary Bitcoin Capital AG have no exposure to FTX, FTX US, FTX ventures and Alameda, and to their direct investments. The companies also never utilized FTX’ services and never traded FTT (the FTX token).

The material movements in the prices of the cryptocurrencies are being used by FiCAS AG to adjust the investments of its flagship Exchange-traded Product BTCA and of the investment products issued by clients that are using Bitcoin Capital AG’s platform. FiCAS AG has always diversified its holdings in at least three different custodians, privileging the regulated players.

Please contact us if you have any additional questions about this issue.

For Media Enquiries

Darko Novakovic
E: darko.novakovic@ficas.com
T: +41 41 710 04 54

Disclaimer

This communication does not qualify as investment advice nor constitutes an offer of securities for sale. No liability shall be accepted for the accuracy and completeness of the information contained in this communication. Past performance, returns generated through FiCAS AG’s and its founder’s management strategy, and correct price predictions by FiCAS AG’ founder are not necessarily indicative of future results.

The information contained herein is not for release, publication, or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Japan, Hong Kong, New Zealand, Singapore, South Africa, United Kingdom, United States, or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful.

Any securities pursuant to this communication have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The investment products described in this communication are intended for retail, professional and institutional investors in Switzerland, Liechtenstein, and in the European Union (excl. Hungary, Cyprus, and Iceland).