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Web3 Digital Assets Innovation ETI

The Web3 Digital Asset Innovations ETI aims to provide investors with diversified exposure to liquid crypto assets powering the next evolution of the Internet, called Web3. The objective of the ETI is to capture the growth potential of this asset class while actively managing the portfolio in order to reduce the high market volatility.
Cumulative Return
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Return since 1 month
__.__%
Return YTD
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In cooperation with:
Performance
Risk Metrics
WEB3 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
YearJanFebMarAprMayJunJulAugSepOctNovDecYTD
2024n/a 12.511.55-21.87-6.88-8.38 -3.03 -10.25 1.81-3.91  40.16 -2.63-0.88
2025-8.30-12.90-3.20-0.10-0.10-4.2018.401.94-0.80-17.20-6.10-11.90-39.20
Investment Methodology
& Strategy
Fundamental based Asset Selection
Only Bitcoin and quality Web3 assets of different use cases/verticals are selected for the ETI. Each asset undergoes a rigorous research process, focusing solely on projects with strong fundamentals.
• No "meme” coins
• No narrative driven "hype" tokens
Data driven Active Portfolio Management
This ETI follows a purely systematic, data-driven investment approach to adjust market exposure dynamically. Trend following strategies systematically detect trends and
reversals in various data sources (onchain data, options market data, price data) and adjust the portfolio accordingly.

The strategy enables dynamic portfolio rotation, shifting the long portion toward Bitcoin in risk-off phases and Web3 assets in riskon phases.
LISTING
Börse Stuttgart
MANAGEMENT FEE
2,25%
NAV — DEC 31, 2025
EUR 602.78
ASSET MANAGER
FiCAS AG
ISSUER
iMAPS ETI AG
ISSUE DATE
04.02.2024
ISSUE PRICE
EUR 1,000.00
BASE CURRENCY
EUR

Basket Allocation

As a qualified investor in Europe or an individual investor in Switzerland, Germany, or Austria, you can invest in the Web3 Digital Asset Innovations ETI using the ISIN through your broker or bank.
ISIN
DE000A3G6MG4
WKN
A3G6MG
FiCAS Expert  Team Market Commentary
Market Development
December ended quietly, with Bitcoin down 3.0% and Ether down 0.64%.
Volatility and volumes fell, liquidity was thin, and subdued sentiment kept price action compressed into year-end. Even so, U.S. spot Bitcoin ETFs took in 457 million dollars, and cumulative spot crypto ETF trading volume crossed $ 2 trillion. Ongoing sell pressure from miners remained a focus and may be consistent with a cyclical bottoming process. Sector performance was narrow. Privacy assets led, with Zcash at the front, while the hoped-for altcoin rally did not materialise, and small-cap tokens are set to finish near five-year lows. In our view, this pattern reflects demand for optionality and regulatory hedging rather than a durable risk bid, with market breadth still thin.
Structural signals continue to build: Vanguard opening access to Bitcoin and Solana ETFs and the Chainlink ETF listing broaden the addressable base beyond L1s, but flows remain concentrated in the majors. Coinbase’s push into prediction markets and tokenized equities, Interactive Brokers’ stablecoin deposits, and conditional Banking charters for Circle and Ripple point to settlement rails being put in place.  JPMorgan’s tokenised money-market fund on Ethereum underscores that cash equivalents are moving on-chain; if scaled, this can deepen liquidity for collateral and funding markets. Against that backdrop, Digital Asset Treasuries’ $2.6B of inflows complement December’s $457M into U.S. spot Bitcoin ETFs, yet ongoing miner supply keeps the balance delicate, reinforcing the need for steadier breadth before any broader risk rotation.
Outlook
The macro set-up is balanced but constructive. Markets expect the Fed to keep rates unchanged, and the cooler latest inflation print plus the end of Chair Powell’s term tilt the bias toward a more dovish 2026. New-year rebalancing can add early momentum, while the Bitcoin–gold ratio sits at its lowest since January 2024, a level that has often aligned with relative BTC bottoms. Offsetting this, liquidity remains thin, and geopolitics are a drag, so any upturn still depends on broader participation and steadier spot flows.
Policy and market structure are firming. The Senate’s confirmation of Michael Selig as CFTC Chair, together with a January markup of the CLARITY Act under David Sacks, signals progress toward a federal-level market-structure framework for digital assets. A wider ETF universe and lower frictions could unlock sidelined institutional capital. Late-Q4 inflows into DATs and ETFs support the accumulation narrative, which we will validate through net ETF flows and stablecoin supply.

Crypto-native catalysts are building. Ethereum’s next major upgrade positions the network for tokenized assets, and Base’s planned compliant token-raise platform improves issuance plumbing. Across altcoins, supply-side tightening continues as projects such as UNI, HYPE, and TAO adjust governance, issuance, and burn mechanics, which is supportive over the medium term. Near term, we prefer liquid large caps until spot volumes improve, while monitoring the Fed decision, CPI, any ETF approvals or staking integration, and institutional DAT allocations for confirmation of a durable turn.

Other Information

Factsheet
Structure
Exchange Traded Instrument (ETI)
Minimum Subscription
1 unit
Management Fee
2.25%
Performance Fee
20%
High Watermark
Yes; 1,262.46 EUR
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

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

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Step 4

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