Iconic Funds Lists Bitcoin ETP on Euronext

The Iconic Physical Bitcoin ETP will be listed on Euronext in Paris and Amsterdam on July 1, 2021.

Iconic Funds’ Physical Bitcoin ETP Listing in Paris and Amsterdam on Euronext, Crypto ETP, Bitcoin ETP, Iconic Funds

  • With the newly launched ETP,  investors can gain exposure to Bitcoin on Euronext in a cost-effective way.

  • The Iconic Physical Bitcoin ETP tracks the spot price of Bitcoin.

  • The ETP is 100% collateralized by coins held in an institutional-grade custody solution with Coinbase Custody.

FRANKFURT GERMANY, July 1, 2021 – Iconic Funds’ Physical Bitcoin ETP (ISIN: DE000A3GK2N1; Ticker: XBTI) will be listed and begin trading on Euronext in Paris and Amsterdam on July 1, 2021. The exchange traded product (“ETP”), physically backed by Bitcoin, becomes the most cost-efficient way for investors to gain exposure to Bitcoin on Euronext with a total expense ratio of 0.95%. The ETP is issued by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH (collectively branded as “Iconic Funds”).

The Bitcoin ETP aims to remove the technical complications of investing in and holding Bitcoin for investors in an industry-leading cost-efficient manner. Each fully Bitcoin-collateralized Note of the ETP represents a specified amount of Bitcoin, less applicable fees. The Physical Bitcoin ETP was listed on Deutsche Börse’s Xetra and SIX last month.

Michael Geister, Iconic’s newly-appointed Head of Crypto ETPs says ”Euronext being one of the largest exchanges in Europe is joining the club of Crypto friendly Exchanges. There is huge and rapidly growing demand from all sorts of investor types who want to Access Crypto Assets via Exchange Traded Products. A fully regulated, robust, tax efficient and trusted solution like a Physical backed ETP is the perfect tool for those investors. Based on the current overall assets under management by all listed Crypto-ETPs the European market grew to over USD 4 Billion.  Key motivation for most of the investors is the store of value idea – Bitcoin as the so called “digital Gold” and the positive impact of crypto allocations to traditional portfolios. Iconic Funds, a joint venture of Iconic and Cryptology Asset Group, founded by Christian Angermayer and Mike Novogratz, intends to bring cost efficient and innovative Crypto investment vehicles to the market.”

Product Details Iconic Physical Bitcoin ETP

Product name Iconic Funds Physical Bitcoin ETP
Valoren 110570684
Bloomberg XBTI
ISIN DE000A3GK2N1
Total Expense Ratio 0.95%
Base      Currency USD
Product Structure Physically replicating
Securities Lending No Lending
Domicile Germany
Issuer Iconic Funds BTC ETN GmbH
Administrator State Street Bank International GmbH
Security Trustee Bankhaus von der Heydt GmbH & Co. KG
Custodians Fidelity Digital Assets Ltd

Coinbase Custody International Ltd

Market Maker Flow Traders B.V.
Authorized Participant(s) Flow Traders B.V.

Jane Street Financial Ltd.

DRW Europe B.V.

Enigma Securities Ltd.

Listing date Deutsche Börse Xetra – May 12, 2021

SIX – May 28, 2021

Euronext – July 1, 2021

 

Important Notices:

This notice does not constitute an offer to sell securities, nor is it a solicitation or an offer to buy securities in any jurisdiction in which such offer or solicitation is unlawful. 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.

This notice may contain forward-looking information within the meaning of applicable securities legislation, including with respect to the expected offering size, the terms of the Notes including the anticipating timing for the pricing and settlement date and the listing of the Notes on Regulated Markets. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Iconic Fund’s control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, capital markets conditions and the ability to successfully market the Notes, global and local economic and business conditions. All forward-looking information in this notice speaks as of the date of this notice. Iconic Funds does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in Iconic Fund’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at Iconic Fund’s website at https://deutschedastg.

The price performance of cryptocurrencies is highly volatile and unpredictable and past price performance is no guarantee of future price performance.

The approval of the Prospectus should not be construed as an endorsement of the securities offered or admitted to trading on a Regulated Market. 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.

The prospectus and all supplements to the prospectus is available at https://deutschedigitalassets.com/xbti-iconic-funds-physical-bitcoin-etp/.

About Iconic Funds BTC ETN GmbH:

Iconic Funds BTC ETN GmbH is a wholly owned subsidiary of Iconic Funds GmbH and the issuer of a physically backed Bitcoin Exchange Traded Product (“ETP”) (ISIN: DE000A3GK2N1; Ticker: XBTI). 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.” Iconic Funds is a joint venture between Iconic Holding GmbH and Cryptology Asset Group p.l.c. (ISIN: MT0001770107; Ticker: CAP, formerly 4UD). Iconic Holding is a portfolio company of FinLab AG (WKN 121806 / ISIN DE0001218063 / Ticker: A7A), leading German-VC group High-Tech Gründerfonds (“HTGF”), Cryptology Asset Group p.l.c. (ISIN: MT0001770107; Ticker: CAP), founded by Christian Angermayer and Mike Novogratz, and Titania Investment Group OÜ.

Press contact:

[email protected]

https://deutschedastg