-

IETH – Iconic Physical Ethereum ETP

Product Details

Type:Exchange Traded Note (100% collateralized)
Exchange(s)Deutsche Boerse Xetra
Trading CurrencyEUR
Exchange TickerIETH
ISINDE000A3GTML1
WKNA3GTML
SEDOLn/a
VALORn/a
BloombergIETH GY
RIC (Reuters)n/a

General Information

Product Description

Iconic Physical Ethereum ETP (Ticker: IETH) is an exchange traded product (ETP) that tracks the price of Ethereum (ETH). The ETP is 100% physically backed by ETH. Each ETP gives the holder a claim on a predefined amount of ETH.

  • Physically backed by Ethereum and stored in so called cold storages, highly regulated and trusted crypto custodians with an additional 3rd Party insurance
  • Competitive management fee of 0.95% p.a.
  • Listed and traded on Deutsche Börse Xetra
  • No lending – Ethereum held in custody and not lent out
  • No staking – Ethereum held in custody are not staked
Pricing Information

Coin Entitlement (CE Factor): Each Note is backed by 0.001 Ether at launch.

Price: Coin Entitlement (CE Factor) x Ether price

Key Risks

Investors’ capital is at risk and investors may not get back the amount originally invested. The ETP is structured as fully collateralized debt security, not as equity. The ETP traded on exchanges are bought/sold at market prices which may be different to the net asset value of the ETP or Ethereum

About the Issuer

Iconic Digital Assets AG is a wholly owned subsidiary of Iconic Funds GmbH

Iconic Funds GmbH is a subsidiary of Iconic Holding GmbH. Iconic Funds’ mission is to drive the adoption of crypto assets. As the bridge for investors to gain exposure to crypto assets, Iconic’s licensed and regulated vehicles offer investors a menu of investment choices ranging from passive index exposure to actively-managed strategies.

Iconic mitigates the technical risks of crypto investing by offering investors trusted and familiar means to invest in crypto at industry-leading low costs. The marriage of state-of-the-art technology, innovative investment products and uncompromising professionalism places Iconic at the vanguard of crypto asset management.

Composition of the product

The underlying of the Notes is Ether, commonly known by the ticker symbol ETH. Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or Ethereum. As a blockchain network, Ethereum is a decentralized public ledger for verifying and recording transactions. The network’s users can create, publish, monetize, and use applications on the platform, and use its Ether cryptocurrency as payment. Decentralized applications running on Ethereum are commonly known as “dApps”.

ETH (Ethereum)

100%

Iconic Funds Cryptocurrencies Research

Key Facts

As of Date31.10.2022
Base CurrencyUSD
Inception Date14.12.2021
DomicileLiechtenstein
Net Asset Value (USD)**0.8M
Total Expense Ratio0.95%
Replication MethodPhysically Allocated Ethereum (100% collateralized)
Notes Outstanding**496,950
UCITS CompliantNo
UCITS EligibleEligible*
Product StructureETP - Physically Backed by Ether (100% collateralized)
Securities LendingNo
StakingNo
Legal FormDebt Security (100% collateralized)
IssuerIconic Digital Assets AG
AdministratorState Street Bank International GmbH
Security TrusteeBankhaus von der Heydt GmbH & Co. KG
CustodiansCoinbase Germany GmbH
RegistrarClearstream Banking AG
Registered for distributionGermany, the Netherlands, Norway, Sweden, Italy, France, Estonia, Poland, Slovakia, Spain, Finland, Greece, Portugal, Slovenia, the Czech Republic, Denmark, Austria, Belgium, Cyprus, Ireland, Liechtenstein, Luxembourg, Liechtenstein, Malta, Switzerland

Service Providers

Downloads

Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
Other Documents
Core Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
2. Operational Documents
3. Audit Documents
Other Documents
Core Documents
Other Documents

*Please verify with your investment advisor as this may differ from jurisdiction to jurisdiction.

**As values are updated once a day they might be outdated the time of viewing the website. For accurate information please refer to other official sources. The value is not necessarily the same as the ETPs’ on-exchange trading price. Investors should not expect to buy or sell the ETN at the determined value.

This website, the informational material and product information represents solely a non-binding preliminary information which serves exclusively advertising purposes and is not a prospectus in the sense of the European Securities Prospectus Act, the German Investment Act or the German Investment Code or a corresponding foreign law. The content is neither an offer nor a solicitation of an offer to purchase securities. The information on this website does not constitute investment advice or investment recommendation. The greatest possible care has been taken in the preparation of this website, but errors and omissions remain reserved. In case statements are made they are based on evaluations, economic data, own assessments and are forward looking statements at the time of preparation of the website and can be subject to changes. The price performance of cryptocurrencies is highly volatile and unpredictable and past price performance is no guarantee of future price performance.

Note: 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.