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EUR
sECONDARY MARKET
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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
___.__%
Return since 1 month
__.__%
Return YTD
__.__%
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
2025-8.30-12.90-3.20-0.10-0.10-4.2018.401.94-0.80-11.20
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 - September 30, 2025
EUR 880.65
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
November turned risk-off decisively. Bitcoin fell 17.56 percent, its worst month of the year, while Ether declined 22.26 percent and Solana 28.72 percent.
The 40-plus-day government shutdown ended, but the resulting data blackout and absence of CPI and NFP prints kept macro uncertainty elevated. Liquidity remained tight, global risk aversion deepened, and while U.S. equities recovered in the final week, cryptocurrencies lagged. Bitcoin traded as a macro follower and high-beta proxy, with spot Bitcoin ETFs recording 3.79 billion dollars of outflows. Sentiment deteriorated, with the CoinGlass Fear and Greed Index at 15, an extreme-fear level last seen after the Terra-Luna episode.
Market structure and policy developments remained active. Privacy assets outperformed tactically, led by Zcash. Mastercard, Ripple, and Gemini began collaborating to pilot RLUSD settlement on XRPL. The IRS issued guidance allowing crypto ETPs to stake digital assets. JPMorgan started rolling out JPM Coin deposit tokens to institutional clients on Base. Taiwan is considering Bitcoin as a strategic reserve asset, Abu Dhabi Investment tripled its Bitcoin holdings in Q3, and Grayscale launched a DOGE ETF.
Outlook
Crypto remains tightly coupled to equities, and futures now imply an 86 percent probability of a further 25 bps Fed cut. That setup leaves room for a year-end recovery, but liquidity is still fragile, and ETF flows lack consistency, so follow-through will depend on data and breadth improving.

On the crypto-native side, catalysts are building. Ethereum’s Fusaka upgrade is set to launch, aiming to increase data capacity and enhance security. Base plans to introduce a token capital-raise platform that aims to deliver a compliant ICO format, and tokenomics reform is accelerating across several ecosystems.
On the policy front, President Trump floated using tariff revenue for $2,000 dividend cheques, a direct fiscal impulse that could reach digital assets. Similar cheques coincided with strong altcoin participation in 2020 and 2021.

Positioning should stay nimble until inflows stabilise. If the Fed delivers and equities hold, leadership can broaden beyond Bitcoin into higher-beta names, with the upgrade and issuance pipeline as incremental tailwinds. If cuts slip or liquidity tightens, keep risk light, favour liquid large caps, and watch ETF net flows and stablecoin supply for confirmation.

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

After the ETI or ETP order is executed, you can track the investment's performance through your bank or brokerage account.

Step 4

Have a question?

We’ll be happy to provide you with more details and get back to you shortly.

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