DGAP-News

Cryptology Portfolio Company Iconic Funds' Physical Bitcoin ETP Listing on Deutsche Börse's Xetra - Seite 2

Cryptology founding investor, Christian Angermayer, said "Financial institutions have been seeking a cost-efficient and trusted way to invest in Bitcoin and Iconic Funds has proven its ability to professionally manage crypto assets the past few years, and issuing a physically backed Bitcoin ETP is a natural evolution for the crypto asset manager. We are proud Iconic is a member of the Cryptology family and we look forward to new, innovative investment products the Iconic Funds team expects to launch later this year."

Iconic Funds is perpetually at the forefront of driving crypto asset adoption, investing in the crypto space since 2017 and having issued one of the EU's first fully licensed crypto asset index funds in early 2020. By issuing a physically backed Bitcoin ETP - and one of the most cost effective of its kind - Iconic further cements itself as one of the most innovative asset management groups in the world.

Product name	Iconic Funds Physical Bitcoin ETP
Ticker Xetra / Bloomberg	XBTI / XBTI GY
ISIN / WKN	DE000A3GK2N1 / A3GK2N
Total Expense Ratio	0.95%
Product 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