The management fee for the DDA Bitcoin Macro ETP is waived from 1 March 2025 for at least 6 months. For more information, please see 

here.
  • Crypto Market Intelligence – November 2022

    Download the Full Report in PDF by André Dragosch, Head of Research Key Takeaways November was a rather hard month for cryptoassets due to the collapse of one of the biggest crypto exchanges FTX Our  in-house indicator of monetary policy has eased significantly lately as the market has begun to price in a more moderate…

  • DDA Crypto Espresso – Estimating Bitcoin bottom probabilities with on-chain fundamentals

    Key Takeaways The current Bitcoin bear market is very similar in terms of on-chain fundamentals compared to previous bear markets However, the degree of “pain” during the previous 3 bear markets was even higher, although “hodling mentality” among Bitcoin investors is very strong in this cycle and short-term investors have mostly exited the market Nonetheless,…

  • DDA Crypto Market Pulse – November 28, 2022

    Download the Full Report in PDF by André Dragosch, Head of Research Key Takeaways Cryptoassets were the best asset class last week, outperforming global equities, bonds and commodities Our proprietary Crypto Sentiment Index has improved further as underlying sentiment was mainly supported by the planned distressed assets fund by Binance The market will probably focus…

  • DDA Crypto Market Pulse

    Download the Full Report in PDF by André Dragosch, Head of Research Key Takeaways Market is still dominated by ongoing contagion fears after the FTX insolvency Our proprietary Crypto Sentiment Index has improved marginally last week coming from very bearish levels the week prior Underlying crypto ETP flows and on-chain indicators suggest ongoing accumulation among…

  • Iconic Rebrands to Deutsche Digital Assets

    FRANKFURT, GERMANY, November 15, 2022 – The German crypto asset manager Iconic is pleased to announce the rebranding of its company, subsidiaries and products to Deutsche Digital Assets (DDA). The rebrand best reflects the evolution of the Frankfurt-based crypto asset manager’s vision of a digital asset future and strategic mission of driving crypto adoption.  Iconic’s…

  • Iconic Crypto Espresso – FTX Post-Mortem: Is the cyclical bottom finally in?

    Key Takeaways Massive dislocations within crypto derivatives markets in consequence of the FTX debacle are indicative of a short-term bottom Fire-Sale valuations and the fact that we might have passed the peak of maximum hawkishness by the Fed after the recent US inflation data, increase the probability of a cyclical bottom in crypto markets Massive…

  • Iconic Crypto Espresso – FTX (FTT): What Just Happened?

    Key Takeaways The FTX exchange token FTT has come under speculative attack following a report by Coindesk that questions the solvency of FTX’s parent company Alameda Investors should expect more volatility in the short term but watch out for attractive buying opportunities in major cryptoassets What just happened? Preceeding events Sam Bankman-Fried (henceforth SBF) was…

  • Crypto Market Intelligence – October 2022

    Download the Full Report in PDF Key Takeaways  Close to “peak hawkishness” of US monetary policy but risks remain to the downside in the short-term with a potential spike in volatility ahead. Increasing evidence of peak hawkishness is in our view the necessary condition for a sustained macro bottom in Bitcoin and cryptoassets in general…

  • Cryptoassets and the Macroeconomy: Can macro factors explain the price of Bitcoin?

    Which macro variables have recently been influencing the price of Bitcoin is a topic of continuing discussion in the cryptoasset community. Some contend that Bitcoin is just another “risk-on” trade like any other and that its value has a strong correlation with equity prices. There is some truth to that, as Bitcoin is currently still…

  • Institutional Crypto Adoption: Why & How Institutions Are Going Crypto

    In October 2021, we wrote about Wall Street’s growing appetite for cryptocurrencies and explained what the ongoing institutionalization of Bitcoin meant to investors. At the time, the crypto bull run was in full force. BTC and ETH hit their all-time highs the next month, and most people were expecting prices to keep climbing. However, a…