Iconic listet weltweit ersten physischen ApeCoin-ETP an der Börse Stuttgart

Iconic listet weltweit ersten physischen ApeCoin-ETP an der Börse Stuttgart

Iconic Physical ApeCoin ETP (ISIN: DE000A3GYNY2; WKN: A3GYNY) is listed and begins trading on Börse Stuttgart on June 15, 2022. 

The exchange traded product (“ETP”), physically backed by ApeCoin, becomes the world’s first ApeCoin ETP and the most cost-effective way for investors to gain exposure to ApeCoin with a total expense ratio of 1.49%. The ETP is issued by Iconic Digital Assets AG, a subsidiary of Iconic Funds GmbH (collectively branded as “Iconic Funds”).

The Iconic Physical ApeCoin ETP tracks the spot price of ApeCoin via the CMBI ApeCoin Index. The ETP is 100% collateralized by coins held in an institutional-grade custody solution with Coinbase-Verwahrung (“Coinbase Germany GmbH”). Coinbase Custody offers the most trusted cold storage custody solution for institutions. State Street Bank, one of the world’s leading Fund Administrators groups and administrator of Iconic’s other ETPs, will also serve as the ApeCoin ETP administrator.

Michael Geister, Head of Crypto ETPs at Iconic, said: ”The Iconic Physical ApeCoin ETP will provide exposure to the ecosystem built around the Bored and Mutant Ape Yacht Club NFTs developed by Yuga Labs. BAYC (Bored Ape Yacht Club) is one of the most valuable NFT collections available made famous by stars like Make Cuban or Serena Williams. Through ApeCoin investors have access to the growing NFT market.”

Iconic ETPs are designed to meet the highest institutional-grade standards in terms of security, trust and cost efficiency. Through Iconic ETPs, European investors can access crypto assets in a familiar manner by investing through trusted investment vehicles at industry-leading costs. Like other Iconic crypto ETPs, individual investors in the Iconic Physical ApeCoin ETP can apply for the physical delivery option.

The new listing complements Iconic’ offering of crypto exchange traded products including physically backed Bitcoin ETP (XBTI, ISIN: DE000A3GK2N1), physically backed Ethereum ETP (IETH, ISIN: DE000A3GTML1, physically backed EOS ETP (IEOS, ISIN: DE000A3GWSL2) on multiple European exchanges. Crypto ETP provider Iconic Funds notes that the Iconic Physical ApeCoin ETP is just one of many further expanding product range of ETPs physically backed by crypto assets.

Patrick Lowry, CEO of Iconic, said: “Crypto is still in the early innings of adoption. Iconic’s vision is to be investors’ trusted partner for accessing the crypto market through our traditional investment vehicles. We look forward to issuing additional, highly innovative crypto ETPs in the near future, as well as partnering with incumbent financial institutions for white-labeled crypto ETP products.”

 

Produktdetails

Produktname Iconic Physical ApeCoin ETP
Ticker Stuttgart / Bloomberg IAPE / IAPE GS
ISIN / WKN DE000A3GYNY2 / A3GYNY
TER 1.49%
Basiswährung USD
Basiswert ApeCoin (CMBI ApeCoin Index)
Produktstruktur Physikalische Vervielfältigung
Indexanbieter Coin Metrics Bletchley Indexes
Domizil Liechtenstein
Emittent Iconic Digital Assets AG
Administrator State Street Bank International GmbH
Treuhänder Bankhaus von der Heydt GmbH & Co. KG
Verwahrstelle(n) Coinbase Deutschland GmbH
Authorized Participant(s) Flow Traders B.V.

Jane Street Financial Ltd.

DRW Europa B.V.

Bluefin Europe LLP

Goldenberg Hehmeyer LLP

Launch date 26 May 2022
Stuttgart Listing Date 15 June 2022

 

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Wichtige Hinweise

Dieser Artikel stellt lediglich eine unverbindliche Vorabinformation dar, die ausschließlich Werbezwecken dient. Es handelt sich nicht um einen Prospekt im Sinne der Verordnung (EU) 2017/1129 (Prospektverordnung) und des Wertpapierprospektgesetzes (WpPG). Es stellt kein Angebot zum Verkauf von Wertpapieren in den Vereinigten Staaten dar und die in dieser Mitteilung genannten Wertpapiere dürfen in den Vereinigten Staaten nicht angeboten oder verkauft werden, sofern sie nicht registriert oder von der Registrierungspflicht befreit sind.

Risikoerwägungen

The price of an investment in an Iconic ETP may go up or down and the investor may not get back the amount invested. The price performance of cryptocurrencies is highly volatile and unpredictable. Past performance is hence no guarantee of future performance. You agree to do your own research and due diligence before making any investment decision with respect to securities or investment opportunities discussed herein. The approval of the prospectus should not be construed as an endorsement of the securities offered or admitted to trading on a Regulated Market. These are not extensive risk considerations. Prospective investors should read the prospectus before making any investment decision in order to fully understand the potential risks and rewards of deciding to invest in the securities. Die Prospekte der einzelnen ETP-Produkte sind unter https://deutschedigitalassets.com/iape-iconic-physical-apecoin-etp