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FiCAS Selected Crypto Assets ETI

The investment objective of the ETI is to achieve long-term capital growth by investing in selected crypto assets. Through dynamic management, FiCAS actively shifts into carefully chosen assets or even moves into fiat money to protect the product from market downside risks and mitigate significant volatility in value.
ISIN
DE000A3GZET8
Factsheet
Cumulative Return
___.__%
Return since 1 month
__.__%
Return YTD
__.__%
Performance
Total
3M
YTD
1Y
Risk Metrics
FICAS ETI
standard deviation
__%
maximum drawdown
__%
CCI30
CCI30 is rules-based index that tracks the 30 largest crypto assets to measure the blockchain sector's growth and movement.
standard deviation
__%
maximum drawdown
__%
Historical Monthly Performance
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YearJanFebMarAprMayJunJulAugSepOctNovDecYTD
2022         -0.45-1.472.71-8.53-9.93-16.99
202325.861.669.26-3.08-1.895.53-3.69-10.424.9014.468.1122.5692.56
20246.0828.8110.63-28.699.27-11.73  -6.39  -17.23         -19.12
Objective
The objective of the selected ETI is to outperform the CCi30 Index by selecting the correct assets out of a big available universe.
FiCAS Selected Crypto Assets ETI allows investors in Europe to profit from the growing cryptocurrency market. Investors can benefit from several proven crypto assets and their development by purchasing FiCAS Selected Crypto Assets ETI, while our trading experts keep a close eye on development through active management to minimize downside risks.
LISTING
Börse Stuttgart
MANAGEMENT FEE
2%
NAV - August 31st, 2024
EUR 1,292.9
ASSET MANAGER
FiCAS AG
ISSUER
iMAPS ETI AG
ISSUE DATE
08.06.2022
ISSUE PRICE
EUR 1,000.00
BASE CURRENCY
EUR

Basket Allocation

As a qualified investor in Europe or retail investor in Switzerland, Germany or Austria, you can invest in the ETI using the ISIN through your broker or bank.
ISIN
DE000A3GZET8
WKN
A3GZET
FiCAS Expert  Team Market Commentary
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Market Review
August proved to be one of the most volatile months for Bitcoin and the broader digital assets market.
A mix of macroeconomic pressures and internal market dynamics caused Bitcoin's price to drop sharply from $65k to $49k within four days, with altcoins suffering even greater losses. A brief recovery rally began on August 6th, supported by trends from the Jackson Hole symposium and rate cut expectations, allowing Bitcoin to close the month at $59k. This marked the largest weekly drop since Bitcoin ETFs were introduced, driven by factors such as ongoing Mt. Gox and Genesis distributions, the unwinding of the Yen carry-trade, rising recession fears, reduced odds of a Trump presidency, and weak market sentiment.
Institutional developments provided a counterbalance to the market's turmoil. Goldman Sachs held over $400M in spot Bitcoin ETFs, and Morgan Stanley announced that wealth advisors could pitch Bitcoin ETFs to select clients. However, the SEC's rejection of Cboe’s filings for Solana ETFs, alongside setbacks like TON's price plunge and blockchain outages following CEO Pavel Durov's arrest, highlighted the ongoing challenges in the market. Despite these hurdles, 60% of the world’s top 25 hedge funds disclosed Bitcoin ETF holdings, indicating sustained institutional interest.
Outlook
As we move into September, we anticipate continued volatility as the crypto market approaches the end of its typically challenging summer season. Market participants are closely watching the anticipated rate cut, which would be the first since the Federal Reserve began its tightening cycle in 2022. This rate cut is significant as it marks the second time Bitcoin will experience a macro rate cut cycle, following the 2019 rate reductions that began preemptively due to global economic concerns, and which continued aggressively in 2020 following the onset of the COVID-19 pandemic.
We expect that the positive macro sentiment, coupled with optimistic expectations for 4Q, will create a favorable environment for the crypto market. The significant declines in August have driven many altcoins to record low prices, setting the stage for a potential recovery. As the broader market sentiment improves towards the latter part of September, we anticipate a buildup of positive momentum, particularly in undervalued altcoins.

Other Information

Factsheet
Structure
Exchange Traded Instrument (ETI)
Minimum Subscription
1 unit
Management Fee
2%
Performance Fee
20%
High Watermark
Yes; 2,404.03 EUR
Fund Administrator
iMaps ETI AG
Liquidity
Daily
Domicile
Liechtenstein
Executing Broker
Coinbase, Kraken, Crypto Finance, Baader Bank
Custodian
Coinbase, Kraken, Crypto Finance, Baader Bank
Stock Exchange
Stuttgart Exchange
Calculation Agent
iMaps ETI AG
Financial Market Authority
FMA Liechtenstein
Paying Agent
Baader Bank
Market Maker
Baader Bank
Authorized Participant
iMaps ETI AG

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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