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BTCAI·Bitcoin AI Strategy ETP
We combine the return potential of Bitcoin with AI and put Bitcoin market volatility to targeted use. Emotions often lead to poor investment decisions. That's why BTCAI is AI-powered and rules-based. The strategy is adjusted to market conditions every month.
100 % physically collateralized. Held in custody in Switzerland.
Historical simulation, July 2021 – July 2026, before product costs and taxes.
Total Return BTCAI
+153.8%
Bitcoin: +50.4%
Outperformance
+103.4%
Versus Bitcoin alone
Maximum Loss
-41.8%
Bitcoin: -76.7%
Subscription period
24.08. – 01.10.2026
Fixing
02.10.2026
Listing
06.10.2026
Many people understand Bitcoin. Yet extreme volatility triggers behavioral mistakes that cost more return than the market itself.
Price declines trigger emotional stress that leads to impulsive decisions.
Many investors sell exactly when the loss is greatest and the recovery is closest.
Investors who exit after a crash often miss the strongest recovery phases that follow shortly after.
"One question kept coming up in our community: how can you participate in Bitcoin without bearing every correction in full? That question became BTCAI."
Rino Borini · Founder, House of Satoshi · Switzerland's best-known digital finance, Bitcoin and crypto expert · Lecturer, HWZ Zurich · Two-time BILANZ Digital Shaper
I'm convinced Bitcoin will rise over the long term. I want to be part of it.
But I don't want to bear the full brunt of 60, 70 or 80 percent drawdowns. Volatility comes with the territory, just not on that scale.
I don't want to study charts or time the market. That should be handled by a rules-based model that works systematically and without emotion.
That's exactly what BTCAI is built for. When Bitcoin rises, capital stays invested. When the market moves sideways or turns, the AI reduces the Bitcoin allocation and allocates up to 80% to cash, a price-neutral US dollar position.
BTCAI is powered by the model developed by Aisot, an ETH spin-off. Several AI models estimate Bitcoin's return potential and its uncertainty. This produces a signal for the weighting between Bitcoin and US dollar cash.
Multiple AI models analyze market, news and macro data to estimate Bitcoin's future return potential. At the same time, the uncertainty of the forecast is taken into account.
The AI signal feeds into a quantitative optimization model. This determines the weighting between Bitcoin and US dollar cash. The US dollar cash allocation can be as high as 80%.
The calculated weighting is implemented once a month. Rules-based, with no discretionary intervention.
The model.
Several independently trained AI models estimate Bitcoin's future return potential. They draw on a range of information from financial markets, news, macroeconomic indicators and other data sources.
Alongside the expected return, the uncertainty of the forecast is also factored in. The result is a signal that captures both the expected development and the risk involved.
The optimization.
The AI signal feeds into a quantitative optimization model based on the Black-Litterman approach. Expected return and risk are considered together to determine the weighting between Bitcoin and US dollar cash.
Depending on market conditions, the US dollar cash allocation can be increased to as much as 80%. The remainder is invested in Bitcoin.
The implementation.
The calculated weighting is implemented once a month. The portfolio is realigned on a rules basis, with no discretionary intervention.
This allows BTCAI to be more heavily invested in Bitcoin when return expectations are attractive, and to increase the US dollar cash allocation when risk rises.
No offshore structure, a Swiss value chain with clear collateral instead.
Real Bitcoin and US dollar cash, no replication via derivatives or swaps. No additional counterparty risk.
Assets are held separately from the issuer's own assets, in custody at the Swiss bank Swissquote.
Every unit is fully backed by the underlying assets (fully collateralized).
Distribution
Born out of the House of Satoshi community. We champion transparency, answer questions and report continuously on BTCAI's progress.
Strategy
The ETH spin-off developed the AI model behind the BTCAI strategy and ranks among Switzerland's leading specialists in artificial intelligence for finance.
Issuer
Maverix Securities is the issuer of the BTCAI ETP and specializes in developing and issuing innovative listed investment products.
Custody
Swissquote is Switzerland's largest online bank and is supervised by FINMA. Bitcoin and cash are held in custody.
Trading
SIX Swiss Exchange is Switzerland's stock exchange, where BTCAI is traded. It ensures orderly exchange trading and monitors compliance with listing rules.
No. Bitcoin remains volatile, and even with BTCAI, losses up to a total loss are possible. The strategy adjusts the Bitcoin allocation on a rules basis to reduce risk in certain market phases. However, it cannot prevent losses.
Buy and hold is a proven strategy for many investors. But it also means bearing every upward and downward move of the Bitcoin market in full.
BTCAI takes a different approach. The strategy is designed to work with Bitcoin's typical price swings through a clearly defined, rules-based mechanism. Depending on market conditions, the allocation shifts between Bitcoin and US dollar cash, with the aim of limiting steep declines and being reinvested once the market recovers.
BTCAI is designed for investors who want to participate in Bitcoin over the long term while relying on a systematic investment process, straightforward exchange access, and professional custody. A management fee applies for implementing the strategy. Outperformance versus a classic buy-and-hold strategy, however, cannot be guaranteed.
The most important difference is the legal structure. An ETF is a fund. Its assets are treated as segregated assets and are legally separate from the assets of the fund company. An ETP, by contrast, is a collateralized debt security. On the SIX Swiss Exchange, however, crypto ETPs must be fully collateralized at all times. For BTCAI, the underlying assets are additionally held in custody at the FINMA-regulated Swissquote Bank. In everyday terms, the two products differ little for investors: both are bought and sold through a regular securities account.
With BTCAI, you invest through your existing securities account at your bank or broker. No wallet, no private keys, and no crypto exchange needed. Custody and trading are handled through regulated Swiss financial institutions.
A backtest shows how a strategy would have performed based on historical market data. It helps in understanding how it works and how it behaves under risk. However, it does not allow any conclusions about future performance.
On the SIX Swiss Exchange, exchange-traded products must be fully collateralized at all times. For BTCAI, the underlying assets are held not by the issuer but at the FINMA-regulated Swissquote Bank. This significantly reduces issuer risk.
Yes. Real Bitcoin is held for the Bitcoin portion. BTCAI does not replicate the strategy synthetically via derivatives or swaps. The underlying assets are held in custody at the FINMA-regulated Swissquote Bank.
On the SIX Swiss Exchange, exchange-traded products must be fully collateralized at all times. For BTCAI, the pledged assets are held not by the issuer but at the FINMA-regulated Swissquote Bank. This significantly reduces issuer risk in the event of insolvency. The exact provisions are set out in the Termsheet.
Yes. After listing, BTCAI can be traded every trading day on the SIX Swiss Exchange, just like a stock or an ETF. All you need is a securities account. An official market maker continuously provides bid and ask prices.
The strategy is adjusted monthly. It can therefore mainly respond to prolonged downward and sideways phases. Rapid market crashes within hours or days cannot be fully avoided this way.
Bitcoin AI Strategy ETP (BTCAI) versus the Bitcoin price, backtested on real market data, before costs and taxes. Past performance is no indication of future developments or returns. Select a period:
Backtest, returns before product costs and taxes.
Risk notice: These figures are based on a backtest using historical market data. Simulated or past performance is not a reliable indicator of future performance. Bitcoin investments carry substantial risks, including total loss.
* A negative Sharpe Ratio does not allow for a relative risk comparison between investment products.
The strategy doesn't win by rising faster, it wins by falling less and continuing from a higher base. Select a period or drag freely below.
The chart shows the largest value decline in the selected period and how much return (price gain) would have been needed to reach the previous high again. The larger the decline, the more return is needed to recover.
All key figures for the selected period at a glance.
Source: Backtest by Aisot Technologies, data as of 31.07.2026. Returns before product costs and taxes.
Risk notice: These figures are based on a backtest using historical market data. Simulated or past performance is not a reliable indicator of future performance. Bitcoin investments carry substantial risks, including total loss.
* Negative Sharpe, Sortino and Calmar Ratios do not allow for a relative risk comparison between investment products.
A Bitcoin investment remains a Bitcoin investment. Risk management changes the strategy's behavior, not the fundamental nature of Bitcoin.
1.5% p.a.
Covers strategy, administration, trading and custody, built into the price. No separate invoice.
10%
Charged only on gains, and only on those above the product's previous high.
The high-water mark is the benchmark set at the highest level reached so far: the performance fee applies only to the portion above it. If the product rises from 100 to 120, the 10% fee applies to the 20 points of gain. If it then falls to 90 and recovers to 120, nothing happens on the fee side. Only once it rises above the previous high does a fee apply again. We only earn more when you earn new money.
When Bitcoin rises
In an uptrend, the strategy is heavily invested in Bitcoin.
When the market moves sideways or falls
The Bitcoin allocation is reduced, with up to 80% moving into cash (US dollar). The goal: limit losses during weak phases and keep capital ready to increase Bitcoin exposure again once the market recovers.
The Bitcoin AI Strategy ETP (BTCAI) is an exchange-traded product listed on the SIX Swiss Exchange and 100% physically collateralized. It tracks an AI-driven Bitcoin/cash strategy developed by Aisot Technologies. The issuer is Maverix Securities, the custodian is Swissquote Bank, and the distribution partner is House of Satoshi in Zurich.
Before any investment, it pays to know the details. The factsheet gives you the overview, the termsheet is the legal foundation.
Before BTCAI lists on SIX, there is a subscription period. During this phase, units can be subscribed for at the issue price of CHF 100 per unit. After that, the ETP is tradable every trading day on the exchange. The main advantage: you're in from day one, often without the issue premiums or initial bid-ask spread that can occur at listing.
Subscription period · 24.08. to 02.10.2026
During this window, you tell your bank or broker the amount you'd like to invest at the issue price of CHF 100 per unit. Provide your bank/broker with the symbol BTCAI or ISIN CH1413567624. That's your only active step.
It's best to download the termsheet right away and send it to your bank along with the amount you'd like to invest.
Fixing · 02.10.2026
The fixing date determines whether the product launches. This requires subscriptions of at least CHF 1 million. From here, everything happens automatically, there's nothing more for you to do. Two outcomes are possible:
Yes, volume reached
The product is issued. Your amount is debited, and the units are booked into your account. You're invested.
No, volume not reached
No launch, and no debit to your account: the product will not be launched. The process ends here.
From the first trading day
From 6 October 2026, you can buy and sell BTCAI during trading hours on the SIX Swiss Exchange, just like a stock. A securities account is all you need.
Questions or issues with your subscription? We're here to help:
Every detail of the strategy — only at our info sessions, with experts from House of Satoshi, Aisot and Maverix on site.
Afterwards, the experts are available for personal questions.
Coming soon: four conversations (in German) on strategy, backtest, risk management and product structure, accompanying the launch. Listen on Spotify, Apple and wherever you get your podcasts.
Episode 1
Rino Borini
Founder, House of Satoshi
How did the idea behind BTCAI come about? Rino Borini, founder of House of Satoshi, talks about the strategy's origins and why it's meant to solve a core problem for many investors.
Coming soonEpisode 2
Stefan Klauser
Co-Founder & CEO, Aisot
What's behind the strategy's decisions? Stefan Klauser gives insight into the data used, the models, and the results of the historical analysis.
Coming soonEpisode 3
Serge Nussbaumer
Head of Public Distribution, Maverix Securities
How does a strategy become an exchange-traded investment product? Serge Nussbaumer shows how the ETP is structured, how Bitcoin and cash are held in custody, and what protections investors have.
Coming soonEpisode 4
Danielle Reischuk
Senior ETFs & ETPs Sales Manager, SIX
How does an ETP get listed on the exchange? Danielle Reischuk gives insight into the role of SIX, the requirements for issuers, and how price formation and market surveillance work.
Coming soonFollow on Spotify now so you don’t miss the launch.