We have expanded our offering of crypto-based Exchange Traded Products (“ETPs”) with the launch of the world’s first physically backed EOS ETP.
The Iconic Physical EOS ETP (ISIN: DE000A3GWSL2; WKN: A3GWSL) will be listed and begin trading on European stock markets in the coming weeks. The ETP will be a simple and cost-effective way for investors to gain exposure to EOS on European stock markets with a total expense ratio of 0.95%.
EOS is a cryptocurrency built on EOSIO, a blockchain network that enables developers to build decentralized apps (DApps) using common programming languages like C++. The aim of EOS is to make it as easy as possible for developers to build blockchain applications. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second.
“Iconic’s vision is to embrace investors accessing the crypto market through our traditional investment vehicles. It is exciting to see the diversity of investment products coming to market, and our newest ETP will provide even more access to more people” added Patrick Lowry, CEO of Iconic.
The physically backed ETP offers investors access to EOS through a liquid, regulated vehicle without the technical challenges of setting up private keys or crypto wallets. They are 100% collateralized by coins held in a regulated, institutional-grade custody solution with Coinbase Germany GmbH. State Street Bank International GmbH, one of the world’s leading Fund Administrators groups, will serve as the administrator.
Product Details
| Product name | Iconic Physical EOS ETP (“IEOS”) |
| ISIN / WKN | DE000A3GWSL2 / A3GWSL |
| TER | 0.95% |
| Trading Currency | EUR |
| Base Currency | USD |
| Underlying | CMBI EOS Index |
| Product Structure | Physically replicating |
| Index Provider | Coin Metrics Bletchley Indexes (CMBI) |
| Domicile | Liechtenstein |
| Issuer | Iconic Digital Assets AG |
| Administrator | State Street Bank International GmbH |
| Security Trustee | Bankhaus von der Heydt GmbH & Co. KG |
| Custodians | Coinbase Germany GmbH |
| Market Maker | Flow Traders B.V. |
| Authorized Participant(s) | Flow Traders B.V.
Jane Street Financial Ltd. DRW Europe B.V. Bluefin Europe LLP |
| Launch date | 31 March 2022 |
Iconic’s Recent Research Reports
- Cryptocurrencies and the Sharpe Ratio of Traditional Investment Models ➡ Download here
- Analyzing the Primary Value Drivers of Leading Cryptocurrencies ➡ Download here
- How Effective are Common Investment Strategies with Bitcoin? ➡ Download here
- Investigating the Myth of Zero Correlation Between Crypto Currencies and Market Indices ➡ Download here
For further information, please visit deutschedastg
Important Notices
This article represents solely a non-binding preliminary information which serves exclusively advertising purposes. It is not a prospectus in the sense of the Regulation (EU) 2017/1129(Prospectus Regulation) and the German Securities Prospectus Act (Wertpapierprospektgesetz – WpPG). It 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.
Risk Considerations
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. The prospectus is available at https://deutschedigitalassets.com/ieos-iconic-physical-eos-etp
