LISTED
EUR
sECONDARY MARKET
OPEN END

15 FiCAS Active Crypto ETP

The product BTCA trades up to 15 selected digital assets as defined by SIX Swiss Exchange and USD / CHF and EUR with the objective to increase the net asset value (NAV) of the ETP over the medium to long term. BTCA is a long-only strategy that aims to outperform Bitcoin over time, rather than a specific benchmark of the 15 selected assets. The investment style is discretionary, and no leverage trading is used.
ISIN
CH0548689600
Factsheet
Cumulative Return
___.__%
Return since 1 month
__.__%
Return YTD
__.__%
Performance
Total
3M
YTD
1Y
Risk Metrics
FICAS ETI
standard deviation
__%
maximum drawdown
__%
Bitcoin
standard deviation
__%
standard deviation
__%
Historical Monthly Performance
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YearJanFebMarAprMayJunJulAugSepOctNovDecYTD
2020      14.28-3.83-6.4216.8017.48-7.1731.00
2021      1.2110.31-5.6424.26-5.48-22.0167.95
2022      19.41-4.11-2.176.43-14.57-6.69-66.82
202331.462.7918.820.18-6.0010.41-6.69-10.127.5425.553.8615.23126.24
20240.7626.3412.93-18.895.16 -4.97  22.61
Objective
The objective of the 15 FiCAS Active Crypto ETP is to increase the net asset value (NAV) of the product in the medium to long term by trading bitcoins against 15 selected altcoins (as defined by the SIX Swiss Exchange) and exiting in fiat when this is the best option.
To attain its stated objective, FiCAS employs a discretionary investment approach, abstaining from leverage utilization and exclusively engaging in long positions. FiCAS selects and manages investments in Altcoins and Bitcoin based on a series of key indicators and parameters.
LISTING
SIX Swiss Exchange, Wiener Börse, Börse Stuttgart
MANAGEMENT FEE
2%
NAV - JUNE 30th, 2024
CHF 192.40
ASSET MANAGER
FiCAS
ISSUER
iMAPS ETI AG
ISSUE DATE
15.07.2020
ISSUE PRICE
CHF  100.00
BASE CURRENCY
CHF

Basket Allocation

As a qualified investor in Europe or an individual investor in Switzerland, Germany, or Austria, you can invest in the BTCA using the ISIN through your broker or bank.
ISIN
CH0548689600
WKN
BTCA
FiCAS Expert  Team Market Commentary
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Market Review
June has historically been a volatile month for Bitcoin, and this year was no exception.
Early optimism driven by favorable CPI data saw Bitcoin prices brieflyrise, but it ultimately closed at $62.6k. The Federal Reserve’s shift in policy,planning to reduce rates to one cut instead of three in 2024, combined withfactors like Bitcoin miner OTC selling, Mt. Gox redemption fears, and theGerman government's sale of confiscated Bitcoin, contributed to a significantdrop in the Crypto Fear & Greed Index from 76 (Greed) to 46 (Fear).
In the broader market, altcoins experienced a sell-off, retreating to their average Q3 2023 levels. However, Ethereum (ETH) and Solana (SOL) showed resilience due to optimism around their spot ETFs. Notably, investment manager VanEck filed to list a spot Solana ETF, and a potential shift in the SEC’sstance on an ETH Spot ETF indicates that crypto assets are becoming a focal point in the upcoming U.S. presidential election. Additionally, Telegram's TheOpen Network (TON) has emerged as the fastest-growing blockchain of 2024, withits Total Value Locked (TVL) setting a new record high.
Outlook
As we move into July, we anticipate that the market possesses sufficientliquidity to absorb the incoming supply from Mt. Gox. Ethereum ETFs areexpected to gain approval by the end of summer, as predicted by Gensler. TheMarkets in Crypto-Assets (MiCA) regulation will take effect in July, and weexpect large stablecoins to begin complying with these new regulations.
Signs of an accumulation phase in altcoins have emerged following June’s sell-off. This trend could be further bolstered by the launch of an ETH SpotETF, which would directly benefit the DeFi ecosystem, Layer 2 solutions, Infrastructure, and middleware Protocols. This accumulation phase may extend throughout the summer, but as we get closer to Q4 2024, we anticipate a rise in market sentiment and appreciation for undervalued altcoins, particularly those newly launched in this cycle.

Other Information

Factsheet
Legal Form
Exchange Traded Product
Minimum Subscription
1 unit
Performance Fee
20%
High Watermark
Yes; 283.62 CHF
Secondary Market
1% bid-offer spread
Manager Type
Single Manager
Auditor
BDO AG, Liechtenstein
Liquidity
Daily
Baader Bank AG
Liquidity Ecosystem
Executing Broker
Coinbase, AMINA Bank
Depositary & Crypto Asset Storage Provider
Coinbase, AMINA Bank
Clearing Institution / Clearing Code
Issuance in Clearstream, available for settlement in Euroclear
Administrator
CAIAC Fund Management
Calculation Agent
Vinter
Domicile
Switzerland
Custody
Coinbase, AMINA Bank
Financial Market Authority
FMA Liechtenstein
Paying Agent
InCore Bank AG
Authorized Participant
Flowtraders

How it works

No matter if you are familiar with crypto or not, you can successfully and safely start investing in crypto in a few easy steps

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Enter ISIN number

Search for a specific FiCAS ETI or ETP by using its ISIN, ticker symbol or name on your bank or broker platform

Step 1

Order details

Select the number of ETP shares you wish to purchase and specify the order type (market order, limit order, stop loss, etc.)

Step 2

Review and confirm

Review your order to ensure accuracy and confirm the trade

Step 3

Track your asset performance

After the ETI or ETP order is executed, you can track the investment's performance through your bank or brokerage account.

Step 4
Talk to Our TeamWatch Video
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