Apart from SBTC, the company offers access to other fully hedged digital asset ETPs, which come with competitive management fees, ensuring accessibility for a wide range of investors.
This strategic pivot by Patient Capital Management indicates a broader investment approach, now including all exchange-traded products (ETPs), moving away from its previous exclusive focus on the Grayscale fund.
The six closures have combined assets under management (AUM) of less than $700,000.
The new product is physically backed, which means it is collateralized by the underlying BTC assets tracked with 1:1 leverage.
Amid the crypto market downturn, Swiss crypto ETP issuer 21Shares is now offering investors low-risk exposure via its BTC & ETH ETPs.
Managing Director for Europe at Fidelity International, Christian Staub noted that the distributed ledger technology could change the face of financial systems.
Swiss cryptocurrency investment management boutique FiCAS has announced the launch of the actively managed Bitcoin exchange-traded product BTCA that is listed on the SIX Swiss Exchange.
Goldman Sachs Group Inc. doesn’t seem to be any closer to offering one the key services sought by clients still intrigued by cryptocurrencies amid this year’s collapse in digital-asset prices.