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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
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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 — MARCH 31, 2025
EUR 525.18
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
Bitcoin’s modest 1.8% gain in March snapped a five-month run of negative returns, but the move read more as a stabilisation than a decisive momentum shift
Ether rose 7% over the same period. Markets remained under the shadow of renewed Middle East tensions, and with oil sustaining above $100, inflation expectations became a renewed headwind for risk assets, including crypto.

Positioning stayed cautious. Funding rates across the majors remained mostly negative, signalling that traders were still willing to pay to hold short exposure. Open interest across large caps was broadly flat, indicating limited new risk-taking and relatively balanced positioning through the month. Spot Bitcoin ETF activity also cooled, with March volumes described as the lowest since the start of 2026.Leadership was narrow. The only sector delivering clear positive performance was Artificial Intelligence, led by TAO with a roughly 70% gain, followed by FET and RNDR.
Policy signals strengthened. Jamie Dimon argued stablecoin issuers should be regulated like banks, while firms moved to build the rails: Western Union and Crossmint launched the USDPT stablecoin on Solana, and Wells Fargo filed the WFUSD trademark. Tokenized assets passed $25 billion, Kazakhstan’s central bank signaled a $350 million allocation to crypto-related assets, and regulators provided clarity, with the SEC and CFTC saying most digital assets are not securities.
Outlook
The Iran conflict remains the single dominant macro catalyst for crypto into April. The initial six-week estimate points to mid-month as the first meaningful inflection point, but markets are already treating the oil channel as the key transmission mechanism. With crude holding above $100, inflation expectations can re-tighten financial conditions and keep risk assets capped even if crypto-specific fundamentals are stable.

From a policy perspective, the market-structure path is still blocked. The CLARITY Act remains stalled in the Senate Banking Committee, with the stablecoin yield question as the main fault line and traditional banks pushing back due to deposit outflow risk. Senate Majority Leader John Thune has indicated the bill is unlikely to move before April 2026, which leaves regulatory clarity as a Q2 story at best rather than an immediate tailwind.
Two crypto-native themes are worth tracking. First, OP_NET’s “SlowFi” launch on Bitcoin mainnet aims to enable native smart contracts and DeFi-style utility on Layer 1 without bridges. It could broaden Bitcoin’s on-chain use cases, but the market will likely wait for clear adoption before repricing the story. Second, the post-quantum debate is resurfacing as new research brings timelines forward and highlights potential attack vectors. This is not a near-term alarm, but it increases the premium on credible post-quantum roadmaps and coordinated upgrades across major networks.

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?

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