IETH – DDA Physical Ethereum ETP

Product Description

DDA Physical Ethereum ETP is an exchange traded product (ETP) that tracks the price of Ether (ETH). The ETP is 100% physically backed by ETH and trades on Deutsche Börse Xetra. Each Note gives the holder a claim on a predefined amount of ETH.

• Physically backed by Ethereum and stored in so called cold storages, highly regulated and trusted crypto custodians with an additional 3rd Party insurance
• Competitive management fee of 0.95% p.a.
• Listed and traded on Deutsche Börse Xetra
• No lending – Ethereum held in custody and not lent out
• No staking – Ethereum held in custody are not staked

Product Benefits

100% Physically Backed and Secured 

DDA ETPs replicate the performance of the underlying index with competitive management fees and give the holder of the note a claim on the predefined amount of the asset.

Regulated and trusted Custody Solutions

Digital assets are conveniently stored at specialized custodians such as BaFin-regulated Coinbase Germany GmbH or French AFM-regulated Aplo. Investors do not require the technical expertise to manage several wallets and private keys.

Trades like an ETF on European Exchanges

The DDA ETPs trade like a stock or an ETF and are available on European stock exchanges, such as Deutsche Börse Xetra, Euronext Paris & Amsterdam, SIX Swiss Exchange and Börse Stuttgart.

The Entire Blockchain in one ETP

The DDA Physical Ethereum ETP is crafted to offer comprehensive exposure to the entire blockchain ecosystem, granting investors seamless access to a diverse array of blockchain projects and technologies within a single ETP.

Tax free after one year holding period

DDA crypto ETPs are tax-free for German private investors after a one-year holding period.¹

Pricing Information

Coin Entitlement (CE Factor): Each Note is backed by 0.001 Ether at launch.

Price: Coin Entitlement (CE Factor) x Ether price

Key Risks

Investors’ capital is at risk and investors may not get back the amount originally invested. The ETP is structured as fully collateralized debt security, not as equity. The ETP traded on exchanges are bought/sold at market prices which may be different to the net asset value of the ETP or Ethereum

Physical Delivery Option for Retail Investors

A Noteholder can only exercise its termination right through an Authorized Participant, if he qualifies in accordance with client acceptance policies of the respective Authorized Participant (which the Issuer has no influence over). The termination can be exercised through any Authorized Participant whether or not the Notes were acquired through the Authorized Participant receiving the notice or acquired through a secondary market. In such case, the Notes will be redeemed in ETH to the Digital Wallet of the Holder, unless a Holder is prevented from receiving ETH for legal or regulatory reasons (such as Undertakings for Collective Investment in Transferable Securities (UCITS) within the meaning of Article 1 of the Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009). In such cases the Holder, acting through an Authorized Participant, may demand redemption in USD and EUR in which case the ETH will be converted into USD or EUR in accordance with the relevant provisions of the Terms and Conditions on a date fixed for redemption. If you are interested in the physical delivery option, please reach out to: [email protected].

About the Issuer

DDA ETP AG is a wholly owned subsidiary of DDA Europe GmbH and the issuer of a physically backed Ethereum Exchange Traded Product (“ETP”) (ISIN: DE000A3GTML1; Ticker: IETH). DDA Europe GmbH is the holding company of a series of subsidiaries that manage and issue crypto asset investment products. Collectively, DDA Europe GmbH and its subsidiaries are branded as “DDA”.

DDA is the bridge to passive and actively managed exposure to crypto. DDA, via its subsidiaries, offers crypto asset ETPs, alpha-seeking strategies and investment advisory services for investors in a familiar and regulated manner.

Composition of the product

The underlying of the Notes is Ether, commonly known by the ticker symbol ETH. Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or Ethereum. As a blockchain network, Ethereum is a decentralized public ledger for verifying and recording transactions. The network’s users can create, publish, monetize, and use applications on the platform, and use its Ether cryptocurrency as payment. Decentralized applications running on Ethereum are commonly known as “dApps”.

29.04.2022 – Publication of Iconic Digital Assets AG Audited Financial Statements for the reporting period from 28 July 2021 (date of inception) to 31 December 2021

24.05.2022 – Iconic Digital Assets AG: Preliminary announcement of the publication of financial reports
according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

23.09.2022 – Iconic Digital Assets: Iconic Digital Assets AG: Vorabbekanntmachung über die Veröffentlichung von Finanzberichten gemäß § 114, 115, 117 WphG

23.09.2022 – Iconic Digital Assets AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

24.03.2023 – DDA ETP AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

24.03.23 – DDA ETP AG: Preliminary announcement of the publication of financial reports according to
Articles 114, 115, 117 of the WpHG [the German Securities Act]

31.03.23 – DDA ETP AG – Audited Financial Statement 2022 Publication

25.09.23 – DDA ETP AG: Preliminary announcement of the publication of financial reports according to
Articles 114, 115, 117 of the WpHG [the German Securities Act]

02.10.23 – DDA ETP AG unaudited semi annual financial statements 2023 EN

02.10.23 – DDA ETP AG unaudited semi annual financial statements 2023 DE

22.04.24 – DDA ETP AG: Pre-announcement of a financial report according to articles 114 – 117 WpHG

30.04.24 – publication of financial reports 2023 according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

30.04.24 – Veröffentlichung von Finanzberichten 2023 gemäß § 114, 115, 117 WphG