House of Satoshi is launching a Bitcoin ETP on the SIX Swiss Exchange together with Aisot Technologies and Maverix Securities. The product uses an AI model to reset the allocation between Bitcoin and US dollar cash once a month, with the cash share able to rise to as much as 80%.

An ETP is an exchange-traded security that tracks an underlying asset and can be traded through a regular securities account. Unlike conventional Bitcoin ETPs, which hold the cryptocurrency continuously, the Bitcoin AI Strategy ETP, ticker BTCAI, actively shifts between Bitcoin and cash instruments. The structure is backed by physical holdings, and Swissquote keeps the underlying assets in custody. Rino Borini, co-founder of House of Satoshi, is also a shareholder of this publication. The subscription period runs until October 1, 2026, and trading on SIX is scheduled to begin on October 6.

How the AI model allocates between Bitcoin and cash

Aisot recalculates the Bitcoin-cash split once a month. Its models continuously evaluate market, news and economic data, but the allocation changes only on the monthly reset date. Two factors determine the result: the expected price development and the reliability of that estimate, according to Stefan Klauser, co-founder and CEO of Aisot Technologies.

If the signal becomes unfavorable, the cash share rises. In weak market phases, it can increase to 80%. Between two calculation dates, however, the allocation remains unchanged, meaning short-term price drops are only reflected at the next monthly adjustment.

The structure involves four Swiss companies. Aisot develops the strategy, Maverix Securities issues the product, Swissquote provides custody, and trading takes place on SIX.

"BTCAI is deliberately built as a collateralized structure. The underlying assets exist physically and are held at Swissquote. Investors therefore subscribe and trade through their existing securities account." - Serge Nussbaumer, Head of Distribution at Maverix Securities

The firms behind the product

House of Satoshi is based in Zurich and was founded by entrepreneur and HWZ lecturer Rino Borini. The company also operates a Bitcoin ATM and the podcast "Bitcoin und Friends." By its own account, it has trained more than 2,500 people on Bitcoin and describes itself as one of the strongest crypto communities in Switzerland. Borini said the product idea emerged from that educational work.

"We have trained more than 2,500 people on Bitcoin and kept hearing the same concerns: sharp price swings and secure storage" - Rino Borini, founder of House of Satoshi and shareholder of CV Publishing AG

Aisot Technologies is an ETH Zurich spin-off founded in 2019. Co-founder and CEO Stefan Klauser previously worked at Avaloq and Vontobel. The company focuses on quantitative financial analysis, machine learning and the use of language models to assess news sentiment. Its clients are primarily institutional asset managers in traditional portfolio management. Aisot raised CHF 1.8 million in a seed round in 2023 led by Haute Capital Partners. In August 2026, it completed an extension of about CHF 2 million.

Maverix Securities is based in Geneva and is a FINMA-licensed securities firm with roughly 60 employees. Founded in 2008, it originally operated as CAT Financial Products and has used its current name since 2024. In the 2024 financial year, revenue increased 37% to CHF 14.3 million, while assets under management doubled to CHF 260 million. Of that amount, CHF 50 million came from an automated platform for digital assets. The firm has already issued several crypto ETPs, including staking products with distributions on Ethereum and Solana.

BTCAI in the Swiss crypto ETP market

Actively managed crypto ETPs have been listed on the Swiss exchange since 2020. That year, FiCAS and Bitcoin Capital launched what is now the 15 FiCAS Active Crypto ETP, which trades under the ticker BTCA and remains listed on SIX. The product can rotate among up to 15 of the largest cryptocurrencies and, according to the issuer, can also move into francs, euros or US dollars, with a portfolio manager determining the weighting.

BTCAI differs in three key ways. It is limited to Bitcoin rather than a multi-asset crypto basket, it rebalances on a fixed monthly schedule, and the allocation is determined by a quantitative model rather than by a portfolio manager.

The market is already crowded. SIX says it lists ETPs on more than 50 crypto underlyings and claims to offer the broadest selection on a primary exchange worldwide. In March 2025, the exchange said it had 398 listed crypto products, including 184 ETPs on cryptocurrencies. CoinShares, 21Shares and WisdomTree are among the largest providers.

What the backtest shows

The new product does not yet have a live track record. Instead, the issuer presents a five-year simulation based on Bitcoin data and explicitly labels it a backtest. In that simulation, the strategy would have gained 153.8%, compared with 50.4% for a pure Bitcoin position. Downside risk was also lower, at -41.8% versus -76.7%.

Over two years, the backtest shows a return of 28.4%, while Bitcoin would have lost 2.9%. The issuer also notes the limits of these figures: a backtest does not show how a strategy performs in live trading, the product offers no protection against losses, and in strongly rising markets it may lag a direct Bitcoin position, especially after costs.

After the subscription period ends on October 1, 2026, House of Satoshi plans to update investors monthly on the strategy's development.