FRANKFURT GERMANY, October 20, 2021 – Iconic Funds Sicav, Plc., an affiliate of Iconic Funds GmbH (jointly branded as “Iconic Funds”), received approval from the Malta Financial Services Authority (MFSA) to list the Iconic BITA20 XA Crypto Asset Index Fund (“the Fund”) on the Malta Stock Exchange. The listing is expected to occur in the coming days. Upon listing, the Fund will be Europe’s first fund with direct exposure to crypto assets that is listed on a Regulated Market.
The Fund employs a “passive management” investment strategy which tracks the performance of the BITA20 XA Index, a benchmark for the performance of the crypto asset market. The fund attempts to replicate the target index by investing all, or substantially all, of its capital in the top-20 crypto assets that comprise the index using the same weighting. Additionally, the fund strives to optimise passive returns by depositing coins into staking and interest-bearing accounts with reputable counterparties, when available. The Fund is investable by Qualifying Investors only.
Launched in January 2020, the Fund has a strong track record of significantly outperforming Bitcoin. Year-to-date, as of Sept. 30, 2021, the Fund had a net return exceeding 250%, while Bitcoin returned nearly 45% over the same period of time, according to Coingecko.com.
Iconic Funds and Cryptology Asset Group CEO, Patrick Lowry, said “While the crypto world seems hyper focused on the ever-elusive spot Bitcoin ETF, we decided to stay ahead of the curve and list the Iconic BITA20 XA Crypto Asset Index Fund on a Regulated Market in Europe. Investors are actively seeking access to crypto beyond just Bitcoin, and we hope our Fund’s listing gives Professional Investors more opportunity to gain exposure to the crypto market.”
The listing of the Fund marks a major step forward for investor accessibility to crypto assets. Iconic Funds continues to explore ground-breaking crypto investment strategies with its partners to give investors multiple avenues to access the performance of crypto assets, such as with its physically backed Bitcoin ETP trading on the Regulated Market of the Frankfurt Stock Exchange (ISIN: DE000A3GK2N1; Ticker: XBTI), issued by Iconic Funds BTC ETN GmbH.
| Product Name | Iconic BITA20 XA Crypto Asset Index Fund |
| ISINs | Share Class A – MT7000026571 Share Class B – MT7000026589 |
| Management Fee | Share Class A – 1.00% Share Class B – 2.00% |
| Base Currency | EUR |
| Product Structure | Professional Investor Fund |
| Domicile | Malta |
| Manager | Iconici Funds Sicav, Plc. |
| Administrator | Trident Fund Services (Malta) Limited |
| Auditor | BDO Malta |
| Custodian | Coinbase Custody International Ltd |
| Fund Launch Date | January 17, 2020 |
| Fund Listing Target Date | October 21, 2021 |
Important Notices:
Iconic Funds Sicav, Plc. and the Fund are licensed as a Professional Investor Fund available to qualifying investors by the MFSA in terms of the Investment Services Act (Chapter 370, Laws of Malta). The Fund is not available for investment by the general public. Qualifying investors are subject to a lower level of protection and regulatory oversight by the MFSA than retail clients.
This notice does not constitute, and may not be interpreted, as an offer to sell securities, nor is it an invitation, a recommendation, a solicitation, or an offer to buy securities in any jurisdiction in which such offer or solicitation is unlawful and prohibited. This notice does not constitute an offer of securities for sale in the United States and the securities referred to in this notice may not be offered or sold in the United States absent registration or an exemption from registration. Furthermore, this notice is not intended for investors or any person in any jurisdiction where the distribution of this notice or the use thereof, in any way, may be contrary to the local law or regulation. It is the responsibility of each person to inform themselves of, and to observe and comply with, all applicable laws and regulations of any relevant jurisdiction.
The price performance of cryptocurrencies is highly volatile and unpredictable, and past price performance is no guarantee of future price performance. Investment in the Fund is speculative and involves a high degree of risk and uncertainty. The value of your investment may go down as well as up. Investors may lose some or all of their investments in the Fund.
The approval of the Fund by the MFSA should not be construed as an endorsement of the securities offered. Potential investors should carefully consider the Fund Documents before making any investment decision to fully understand the potential risks and rewards of deciding to invest in the securities. Potential investors should also seek the appropriate advice from their financial, legal, regulatory, tax and other advisors to determine whether an investment in the Fund is suitable for them.
The contents of this notice should not be construed as legal, tax, investment, or any other advice. Furthermore, the MFSA has not reviewed or approved this notice.
About Iconic Funds Sicav, Plc.:
Iconic Funds Sicav, Plc. Is an affiliate of Iconic Funds GmbH (jointly branded as “Iconic Funds”), a holding company of a series of subsidiaries that manage and issue crypto asset investment products. Iconic Funds Sicav, Plc. is the manager of the Iconic BITA20 XA Crypto Index Fund and Iconic CMBI10 Short-Term Momentum Index Fund, both licensed by the Malta Financial Services Authority.
About Iconic Funds GmbH:
Iconic Funds GmbH is the holding company of a series of subsidiaries that manage and issue crypto asset investment products. Collectively, Iconic Funds GmbH and its subsidiaries are branded as “Iconic Funds.” One such subsidiary, Iconic Funds BTC ETN GmbH, is the issuer of a physically backed Bitcoin ETP trading on the Regulated Market of the Frankfurt Stock Exchange (ISIN: DE000A3GK2N1; Ticker: XBTI). Iconic Funds is a subsidiary of Iconic Holding GmbH, itself a portfolio company of FinLab AG (WKN 121806 / ISIN DE0001218063 / Ticker: A7A), leading German-VC group High-Tech Gründerfonds (“HTGF”) and Cryptology Asset Group p.l.c. (ISIN: MT0001770107; Ticker: CAP), founded by Christian Angermayer and Mike Novogratz.
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