LISTED
EUR
sECONDARY MARKET
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FiCAS Dynamic Crypto ETP

BTCD trades up to 15 selected digital assets as defined by the SIX Swiss Exchange in USD, CHF, and EUR with the aim of generating an absolute return and ultimately increasing the net asset value (NAV) of the ETP in the medium to long term. The product is a long-only strategy that is significantly influenced by the analysis of Bitcoin dominance.
ISIN
CH1295937705
Factsheet
Cumulative Return
___.__%
Return since 1 month
__.__%
Return YTD
__.__%
Performance
Total
3M
YTD
1Y
Risk Metrics
FICAS ETI
standard deviation
__%
maximum drawdown
__%
S&P 500
standard deviation
__%
standard deviation
__%
Historical Monthly Performance
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YearJanFebMarAprMayJunJulAugSepOctNovDecYTD
2023                  9.003.4914.8929.60
20240.6917.9310.33-21.323.22             6.04
Objective
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LISTING
SIX Swiss Exchange
MANAGEMENT FEE
2%
NAV - JUNE 30th, 2024
CHF 13.29
ASSET MANAGER
FiCAS
ISSUER
Bitcoin Capital AG
ISSUE DATE
20.10.2023
ISSUE PRICE
CHF 10.00
BASE CURRENCY
CHF

Basket Allocation

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ISIN
CH1295937705
WKN
BTCD
FiCAS Expert  Team Market Commentary
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Market Review
June has historically been a volatile month for Bitcoin, and this year is 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’s stance 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, with its Total Value Locked (TVL) setting a new record high.
Outlook
As we move into July, we anticipate that the market possesses sufficient liquidity to absorb the incoming supply from Mt. Gox. Ethereum ETFs are expected to gain approval by the end of summer, as predicted by Gensler. The Markets in Crypto-Assets (MiCA) regulation will take effect in July, and we expect large stablecoins to begin complying with these new regulations.
Signs of an accumulation phase in altcoins have emerged following June’ssell-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; 16.09 CHF
Secondary Market
1% bid-offer spread
Manager Type
Single Manager
Auditor
BDO AG, Liechtenstein
Liquidity
Daily
Paying Agent
InCore Bank AG
Executing Broker
Coinbase, Kraken, Crypto Broker
Depositary & Crypto Asset Storage Provider
Coinbase, AMINA Bank
Clearing Institution / Clearing Code
Issuance in Clearstream, available for settlement in Euroclear
Stock Exchange
Stuttgart Stock Exchange
Calculation Agent
Vinter
Domicile
Liechtenstein
Custody
Coinbase, AMINA Bank
Financial Market Authority
FMA Liechtenstein
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

Talk to Our TeamWatch Video

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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