LISTED
CHF
sECONDARY MARKET
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FiCAS Dynamic Crypto ETP

BTCD trades up to 15 selected digital assets as defined by the SIX Swiss Exchange in USD, CHF, and EUR with the aim of generating an absolute return and ultimately increasing the net asset value (NAV) of the ETP in the medium to long term. The product is a long-only strategy that is significantly influenced by the analysis of Bitcoin dominance.
ISIN
CH1295937705
KID
Base Prospectus
Factsheet
Cumulative Return
___.__%
Return since 1 month
__.__%
Return YTD
__.__%
Performance
Total
3M
YTD
1Y
Risk Metrics
BTCD
standard deviation
__%
maximum drawdown
__%
S&P 500
standard deviation
__%
standard deviation
__%
Historical Monthly Performance
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YearJanFebMarAprMayJunJulAugSepOctNovDecYTD
2023                  9.003.4914.8929.60
20240.6917.9310.33-21.323.22-3.63    1.88  -11.74  8.794.08  35.77* 41.74*
* As of 19.11.2024
Objective
The product is a long-only strategy that is significantly influenced by the analysis of Bitcoin dominance. Bitcoin dominance dictates the asset allocation between Bitcoin and altcoins, with a primary focus on Bitcoin and shifts to altcoins led by favorable Bitcoin dominance trends.
TradingView's Market Cap BTC Dominance Index serves as a key metric for Bitcoin dominance trend analysis. The investment style is discretionary and there is no leverage.
LISTING
SIX Swiss Exchange
MANAGEMENT FEE
2%
NAV - November 19th, 2024
CHF 18.37
ASSET MANAGER
FiCAS AG
ISSUER
Bitcoin Capital AG
ISSUE DATE
20.10.2023
ISSUE PRICE
CHF 10.00
BASE CURRENCY
CHF

Basket Allocation

The investment product allows retail, professional and institutional investors in Switzerland, Liechtenstein and in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Malta, Netherlands, Spain, and Sweden to invest in digital assets through their bank or broker, just as they would buy traditional equities in a regulated environment.
ISIN
CH1295937705
Ticker
BTCD
FiCAS Expert  Team Market Commentary
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Market Review
October began on a cautious note amid rising Middle East tensions, yet Bitcoin concluded the month with an impressive 10.71% gain, setting it apart in what many are now calling “Uptober.”
This performance sharply contrasts with broader crypto assets, many facing headwinds mid-month. Bitcoin’s climb, supported by a three-year high in market dominance, heightened volatility, and significant ETF inflows, underscores investor positioning ahead of the U.S. election.

Memecoins led sector gains, with Dogecoin outperforming Bitcoin by 27%. Conversely, Ethereum’s value relative to Bitcoin declined by 12.8%, marking its lowest level since April 2021.
Crypto prediction markets surged past $3 billion in volume, underscoring their role as both speculative instruments and sentiment indicators. At the same time, filings from Bitwise and 21Shares for spot XRP ETFs reinforce the sector’s push toward regulated products. Meanwhile, Uniswap’s launch of Unichain marks a strategic move to boost transaction efficiency and scalability across its network.

Demand for asset tokenization surges as State Street, UBS, and Legal & General accelerate efforts to tokenize funds, while JPMorgan positions Bitcoin as a hedge against geopolitical risks. MicroStrategy continues its bold strategy, eyeing a trillion-dollar future as a “Bitcoin Bank.”
Outlook
As we enter November, the digital asset market stands on the brink of key shifts. The U.S. election could spark renewed interest in digital assets Market if Trump, popular among crypto supporters, gains momentum. Such a result may even bolster altcoin performance into early 2025. In contrast, a Harris win could steer investors toward Bitcoin’s stability, increasing its market share as sentiment shifts cautiously as the safe asset in crypto market.

Monetary policy will play a defining role, with a 25 basis point Fed rate cut widely expected this month, which may strengthen Bitcoin’s position as a preferred asset. While a year-end Bitcoin target of $100K remains ambitious, these developments point to continued resilience.
Institutional appetite for tokenized assets also continues to build, and XRP is potentially on track for an ETF listing. Regulatory pressures, however, loom, with the Treasury scrutinizing Tether’s ties to sanctioned entities—a reminder of the regulatory hurdles ahead for stablecoins in the U.S. market.

Other Information

Factsheet
Structure
Exchange Traded Product (ETP)
Minimum Subscription
1 unit
Management Fee
2%
Performance Fee
20%
High Watermark
Yes; 16.09 CHF
Administrator
Bitcoin Capital AG
Liquidity
Daily
Domicile
Switzerland
Executing Broker
Coinbase, AMINA Bank
Custodian
Coinbase, AMINA Bank
Stock Exchange
SIX Swiss Exchange
Calculation Agent
Vinter (Invierno AB)
Financial Market Authority
FMA Liechtenstein
Paying Agent
InCore Bank AG
Market Maker
Flow Traders B. V.
Authorized Participant
Flow Traders B. V.

How it works

No matter if you are familiar with crypto or not, you can successfully and safely start investing in crypto in a few easy steps

Talk to Our TeamWatch Video

Enter ISIN number

Search for a specific FiCAS ETI or ETP by using its ISIN, ticker symbol or name on your bank or broker platform.

Step 1

Order details

Select the number of ETP shares you wish to purchase and specify the order type (market order, limit order, stop loss, etc.)

Step 2

Review and confirm

Review your order to ensure accuracy and confirm the trade.

Step 3

Track your asset performance

After the ETI or ETP order is executed, you can track the investment's performance through your bank or brokerage account.

Step 4
Talk to Our TeamWatch Video
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