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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
2025-8.30-12.90-3.20-0.10-21.40
Investment Methodology
& Strategy
Fundamental Research:
On technology, token economics, product-market fit, protocol traction, team, etc., determine what Web3 & DeFi assets are selected for the ETI. The selected assets are then continuously monitored on a fundamental basis.
Active Management:
The timing of the exposure changes to the selected assets is determined based on a combination of quantitative price
momentum strategies and on-chain data analytics. Depending on the market phase (risk-on/risk-off), the portfolio allocation may differ considerably to reduce downside volatility. In risk-off markets, the portfolio will predominantly be in cash and/or Bitcoin, while in risk-on
market phases, the portfolio will be overweight in the selected Web3 assets.
LISTING
Börse Stuttgart
MANAGEMENT FEE
2,25%
NAV - April 30, 2025
EUR 779.51
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 Review
May marked a decisive month for digital assets, with Bitcoin reclaiming the $100,000 level and setting a new all-time high at $111.6K, closing the month with an 11% gain.
Ethereum outperformed, rising 40.8% to $2,526, its strongest monthly return since November 2024. Institutional momentum continued to build, as Charles Schwab announced plans to offer spot crypto trading within 12 months. Morgan Stanley confirmed its crypto rollout via E*Trade, and Goldman Sachs re-entered the space by targeting tokenized treasuries and expanding into lending.
On the regulatory front, the GENIUS Act, a comprehensive U.S. stablecoin bill, is expected to clear the Senate. Stablecoins are now the third-largest holders of U.S. short-term securities. BlackRock’s iShares Bitcoin Trust recorded consecutive weeks of inflows, surpassing gold ETFs in cumulative demand.

Adoption trends accelerated further. Arizona established a Strategic Bitcoin Reserve Fund, and Texas expanded its state-level Bitcoin reserve efforts. At the corporate level, MicroStrategy, Trump Media, GameStop, and Strive collectively allocated over $5 billion into Bitcoin for their treasury strategies, reinforcing BTC’s position as a balance sheet reserve asset.
Outlook
June has historically been a soft month for Bitcoin, with an average return of - 0.35%. This trend may continue as markets await the Federal Reserve’s interest rate decision on June 18. Consensus suggests no rate cut, with the benchmark likely to remain at 4.50 percent, maintaining a cautious environment for risk assets.
Stablecoin regulation and adoption will remain key themes. Momentum continues around new legislation in the United States, and stablecoins are gaining importance as institutional tools, especially within the short-term securities market. At the same time, corporate bond issuance is rising, alongside a growing trend of companies allocating capital to Bitcoin treasuries.
Bitcoin’s supply on exchanges has declined sharply, from over 3.1 million in 2020 to 1.2 million today, even as the number of trading venues has increased. This sustained decline may set the stage for a new supply shock in the second half of 2025, particularly if institutional demand remains strong.

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
You invest, we care

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