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Web 3 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.
ISIN
DE000A3G6MG4
Factsheet
Cumulative Return
___.__%
Return since 1 month
__.__%
Return YTD
__.__%
In cooperation with:
Performance
Total
3M
YTD
1Y
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
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YearJanFebMarAprMayJunJulAugSepOctNovDecYTD
2024n/a 12.511.55-21.87-6.88-8.38 -3.03 -10.25      -25.75
Investment Methodology
& Strategy
Fundamental Research:
On technology, token economics, product-market fit, protocol traction, team etc. determines 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 - Aug 31st, 2024
EUR 742.52
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
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Market Review
July was marked by significant volatility in the cryptocurrency market.
Bitcoin initially dropped by 15%, reaching the $54,000 range, before rebounding impressively by 30%, approaching the critical $70,000 mark. The Ethereum ETF launch on July 23 initially saw strong inflows. However, substantial outflows from the Grayscale Ethereum Trust quickly turned total net inflows negative, currently at -$2 billion.
This mirrored the market dynamics observed following the Bitcoin ETF launch, subsequently driving Bitcoin's price lower in the following weeks. Concurrently, political sentiment in the U.S. showed growing support for the crypto market. At a Bitcoin conference, Donald Trump advocated for pro-crypto policies, including the potential adoption of Bitcoin as a strategic reserve. Similarly, Democrats are increasingly recognizing crypto holders as an important voter base.
Outlook
The ETI’s strategy continues to face challenges during the ongoing phase of indecisive, range-bound trading. Throughout July, altcoins showed persistent weakness, leading to a concentration of the portfolio into Bitcoin and Ethereum. The overall performance closely tracked the average development of the CCI30. At the end of July, the strategy began to de-risk, moving 30% the portfolio into cash. This cash allocation was further increased to 68% at the beginning of August, just prior to the crash on August 5th. This shift in asset allocation shielded the portfolio from more severe drawdowns.
Shortly after the end of July, the US equity market began a stronger correction. The following weekend, the crypto market— operational 24/7—anticipated one of the largest capital market drawdowns since the Covid pandemic, influenced by geopolitical tensions in the Middle East and global economic uncertainties starting from Japan.

At the time, the ETI had already positioned 68% of its assets in cash. Despite these market corrections, the outlook for the crypto market remains robust. ETF inflows for both Bitcoin and Ethereum are expected to accelerate through broader distribution (Morgan Stanley just recently announced to start offering BTC ETFs to clients). Additionally, political support in the US is likely to strengthen as we approach the November elections, potentially benefiting the sector.

Other Information

Factsheet
Structure
Exchange Traded Instrument (ETI)
Minimum Subscription
1 unit
Management Fee
2%
Performance Fee
20%
High Watermark
Yes; 1,262.46 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

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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
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