ETC Group MSCI
Digital Assets Select 20
DA20
TICKER
ISIN

Diversified Investment

into
the broad crypto market
  • NAV daily change 5.22%
  • NAV YTD change 76.81%
  • NAV since inception 147.66%

Passive & rules-based investing

The ETC Group MSCI Digital Assets Select 20 ETP is the first Digital Asset ETP indexed to MSCI. The ETP is a physically backed exchange traded product that offers investors simple and cost-efficient access to the leading investable digital assets and cryptocurrencies comprising around 85% of the crypto market.

Investment Objective

The ETP seeks to track the performance, before fees and expenses, of the MSCI Global Digital Assets Select Top 20 Capped Index. The index is rebalanced on a quarterly basis.

Factsheet
TICKER
ISIN
KID Final Terms Prospectus EMT EET All Documents

DA20 Product Specifications

Key Advantages of DA20

Efficient Diversification

DA20 provides passive and diversified broad market exposure to digital assets in one single product, covering approximately 85% of the crypto market.*

Regulated and exchange listed

Issued in Germany under BaFin oversight, this ETP’s primary listing is on XETRA, the largest ETF exchange in Europe.

Simple and reliable

Buy and sell like any stock or ETF through your regular securities account. No new account or crypto wallet needed.

Enhanced Product Quality

Best-in-class product structuring with capped weighting, quarterly rebalancing, and tier 1 service providers such as MSCI.

Physical ETP Structure

The ETP units are 100% physically backed by cryptocurrency held securely in cold storage.

Institutional-grade Custody

The assets backing the ETP are kept in regulated cold-storage custody and are secured by an independent trustee, thus eliminating issuer default risk.

*Excluding stablecoins such as USDT, USDC, and other.

Specifications

Key Information

Primary Ticker DA20
ISIN DE000A3G3ZL3
WKN A3G3ZL
TER 1.49% p.a.
Asset Class Digital Assets
Underlying Exposure MSCI Global Digital Assets Select Top 20 Capped Index
Strategy Diversification
Replication method Physical (100%)

Index Composition

MSCI Global Digital Assets Select Top 20 Capped Index Last updated/weightings as of

DA20 Assets under Management

Last updated:
Shares outstanding 76,656
Total ETP net assets market value (US$ million) 10.59

NAV

NAV (USD)
$ 138.12
NAV to previous day
5.22%  /  $ 6.86

The ETP's NAV U.S. dollar value is determined at 4.00 pm CET of each business day, and represents the value of one unit; it is calculated by using the relevant spot price of the underlying digital asset. The value is not necessarily the same as the ETP's intraday trading price. Investors should not expect to buy or sell the ETP at the determined NAV value.

Performance

Period NAV
1 month 49.82%
3 months 58.24%
YTD 76.81%
Since inception 147.66%

Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. NAV performance is displayed in base currency (USD), price performance is displayed in trading currency (e.g. EUR). Brokerage or transaction fees will apply. Past performance is no guarantee of future performance, and your invested capital may be at risk.

Top 10 Holdings

DA20 seeks to track the MSCI Global Digital Assets Select Top 20 Capped Index as closely as possible

Download CSV
Name Symbol Added to index Reference price (USD) Weighting
BitcoinBitcoin BTC 01-03-2023 98,756.35 31.93%
EthereumEthereum ETH 01-03-2023 3,470.69 25.84%
SolanaSolana SOL 01-03-2023 262.31 15.31%
RippleRipple XRP 01-03-2023 1.57 8.59%
CardanoCardano ADA 01-03-2023 1.13 3.67%
TronTron TRX 01-03-2023 0.22 2.34%
AvalancheAvalanche AVAX 01-03-2023 0.51 1.85%
Bitcoin-CashBitcoin-Cash BCH 01-03-2023 531.30 1.31%
ChainlinkChainlink LINK 01-03-2023 17.75 1.23%
PolkadotPolkadot DOT 01-03-2023 8.70 1.10%
UniswapUniswap UNI 01-03-2023 10.99 1.00%
StellarStellar XLM 01-03-2023 0.49 0.95%
LitecoinLitecoin LTC 01-03-2023 103.65 0.94%
NEARNEAR NEAR 01-03-2023 6.49 0.83%
AptosAptos APT 01-06-2023 13.09 0.73%
Internet ComputerInternet Computer ICP 01-09-2023 11.75 0.57%
PolygonPolygon MATIC 01-03-2023 0.59 0.56%
Ethereum-ClassicEthereum-Classic ETC 01-03-2023 30.75 0.55%
StacksStacks STX 01-03-2024 2.13 0.36%
FilecoinFilecoin FIL 01-03-2023 5.37 0.34%

NOTE: The objective of the ETP is to replicate the underlying 20 component index as closely as possible. Restrictions due to operational risk or regulatory reasons may mean that some digital asset components cannot be held within the ETP. The replication is in excess of 95% of the index and expected to improve.

In principle, these are usually small index components. As per the last rebalancing, Ethereum-Classic (ETC), Stacks (STX), Filecoin (FIL), Aptos (APT), Internet Computer (ICP) were not included in the ETP basket for one or more of the reasons mentioned above.

Components that are not included in the basket are allocated proportionally to all remaining components
Last updated/weightings as of
Holdings are subject to change at quarterly rebalancing. Weightings are subject to daily change due to movements in market capitalisation of the underlying digital assets.

DA20 seeks to track the MSCI Global Digital Assets Select Top 20 Capped Index as closely as possible

Download CSV
Name Symbol Amount per ETP Total holdings Reference price (USD) Net Assets
Bitcoin BTC 0.000434972 33.34 98,756.35 31.01%
Ethereum ETH 0.010135770 776.97 3,470.69 24.29%
Solana SOL 0.092959353 7,125.89 262.31 17.22%
Ripple XRP 9.942249925 762,133.11 1.57 10.40%
Cardano ADA 6.690399378 512,859.25 1.13 4.43%
Tron TRX 15.511089315 1,189,018.06 0.22 2.24%
Avalanche AVAX 0.079018086 6,057.21 0.51 2.23%
Chainlink LINK 0.115623004 8,863.20 17.75 1.27%
Bitcoin-Cash BCH 0.003616840 277.25 531.30 1.27%
Polkadot DOT 0.261742230 20,064.11 8.70 1.19%
Stellar XLM 5.266876670 403,737.70 0.49 1.13%
NEAR NEAR 0.227312559 17,424.87 6.49 0.93%
Uniswap UNI 0.135483527 10,385.63 10.99 0.93%
Litecoin LTC 0.012538956 961.19 103.65 0.82%
Polygon MATIC 1.983342502 152,035.10 0.59 0.66%

NOTE: The objective of the ETP is to replicate the underlying 20 component index as closely as possible. Restrictions due to operational risk or regulatory reasons may mean that some digital asset components cannot be held within the ETP. The replication is in excess of 95% of the index and expected to improve.

In principle, these are usually small index components. As per the last rebalancing, Ethereum-Classic (ETC), Stacks (STX), Filecoin (FIL), Aptos (APT), Internet Computer (ICP) were not included in the ETP basket for one or more of the reasons mentioned above.

Components that are not included in the basket are allocated proportionally to all remaining components
Last updated:
Holdings are subject to change at quarterly rebalancing. Weightings are subject to daily change due to movements in market capitalisation of the underlying digital assets.

MSCI Global Digital Assets Select
Top 20 Capped Index

MSCI Logo

Description

The MSCI Digital Assets Select Top 20 Capped Index tracks the 20 leading investable digital assets/cryptocurrencies. The index is created and calculated by MSCI, one of the world’s largest index providers.

Through its Applicable Universe methodology, the index excludes stable coins, pegged coins, privacy coins, meme coins and low volume tokens. The weight of the largest components has been capped at 30 percent at rebalancing to provide a broader market exposure. The rebalancing of the index components and their weighting is performed quarterly.

Cumulative Index Performance

USD returns Nov 2019 – Dec 2023

Index Performance

Annual performance (%)

Year MSCI Global Digital Assets Select Top 20 Capped Index
2023 134.24
2022 -72.80
2021 231.84
2020 256.01

USD returns (%)

annualised returns
Index 1 month 3 months 1 year YTD 3 years 5 years 10 years Since Nov 29, 2019
MSCI Global Digital Assets
Select Top 20 Capped		 40.82 64.48 121.43 33.03 5.20 - - 66.53

Index risk and return characteristics

annualised standard deviation
Index 3 years 5 years 10 years Since Nov 29, 2019
MSCI Global Digital Assets Select Top 20 Capped 76.47 - - 84.15

Methodology

Applicable Universe

All individual digital assets benchmarks published by Compass Financial Technologies.

Eligible Universe

Excluded from the index selection are:

  • Digital assets identified as stable coins/pegged coins/privacy coins.
  • Digital assets placed in the bottom 5% of the Applicable Universe when ranked in the descending order of volume in US Dollar at the time of rebalance.
  • Digital assets classified as meme coins.

Final Universe

  • At each Quarterly Index Review, digital assets corresponding to the Eligible Universe are ranked in descending order of their full market capitalization and the top 20 digital assets are identified.
  • If the Eligible Universe consists of fewer than 20 Crypto Reference Indexes, all constituents of the Eligible Universe are included in the Final Universe.

Index Weighting

The maximum weight of a single component is capped at 30% at rebalancing.

Rebalancing

The Index follows a quarterly rebalance schedule, effective as of the first business day of March, June, September, and December

This summary is provided for illustrative purposes only and does not include all material elements of the index or its methodology. For a complete description of the index methodology, please read the full Index Methodology documents.

Index Documents

Rebalancing History Index Factsheet Index Methodology

Index Guide

Index Name MSCI Global Digital Assets
Select Top 20 Capped Index
Index Provider MSCI Inc.
Index ISIN GB00BMVQFP07
Index Bloomberg Ticker MXGSDA20
Index Reuters Ticker .dMIWDDGT2ECUS
Index Base Currency USD
Weighting Methodology Market capitalisation
Maximum Weight per Component 30%
Rebalancing Frequency Quarterly
Maximum Number of Consitutents 20
Data Aggregator Compass Financial Technologies

Index Provider

MSCI Logo

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, MSCI powers better investment decisions by enabling clients to understand and analyse key drivers of risk and return and confidently build more effective portfolios. The company creates industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.

To learn more, please visit www.msci.com.

DA20 Trading Information

Trading Currency
Exchange
ISIN
WKN
Valoren
Ticker BBG
SEDOL
RIC
Deutsche Börse XETRA
EUR
Ticker
Listing date:
ISIN DE000A3G3ZL3
WKN A3G3ZL
Valoren -
DA20 GR
SEDOL BMF9D28
RIC DA20.DE
Deutsche Börse XETRA
USD
Ticker
Listing date:
ISIN DE000A3G3ZL3
WKN A3G3ZL
Valoren -
DA21 GR
SEDOL BMF9D40
RIC DA21.DE
BX Swiss
CHF
Ticker
Listing date:
ISIN DE000A3G3ZL3
WKN -
Valoren 126630022
DA20CHF BW
SEDOL BRJN8F9
RIC -
Euronext Paris
EUR
Ticker
Listing date:
ISIN DE000A3G3ZL3
WKN -
Valoren -
DA20 FP
SEDOL BRJ4M94 FR
RIC DA20.PA

Buy and sell just like stocks or ETFs

Use the securities account you already have or select from a wide range of platforms

  1. Open your online securities account and call up the order mask.
  2. Insert ticker, ISIN, or name of the product and select trading platform (Our products are tradable at least on Xetra).
  3. Set amount and review your order to ensure accuracy before confirming the trade.
Registered for sale
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Liquidity Ecosystem

Market Makers /
Authorised Participants (APs) detailed info
Flow Traders B.V.
Jane Street Financial Limited
Susquehanna International Securities Limited
XTX Markets SAS
Goldenberg Hehmeyer LLP
Makor Securities London Ltd (Enigma Securities)
DRW Europe B.V.

Note: MM/AP services may vary by product

Product Details

Structure

Domicile Germany
Issue Date 28.03.2023
Primary Listing Exchange Deutsche Börse XETRA
Primary listing Date 24.04.2023
Legal Form Debt Security, fully asset-backed
Product Structure ETP (Exchange Traded Product)
Redemption by Investors* Yes
Creation & Redemption (APs) In-kind
Leverage 1:1 (No leverage)
Minimum Investment 1 unit
Expiry Date Open ended
Replication Method Physical (100%)
Lending No
*Possible against the undelrying cryptocurrency or in cash in cases where redemption in cryptocurrency is not possible for regulatory reasons.

Key Service Providers

Issuer ETC Issuance GmbH
Prospectus Competent Authority BaFin (Germany)
Custodian Komainu (Jersey) Limited
Security Trustee The Law Debenture Trust Corporation p.l.c.
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
Paying Agent & Fiscal Agent Quirin Privatbank AG

Underlying Price Reference

Benchmark Name MSCI Global Digital Assets Select Top 20 Capped Index
Bloomberg Ticker MXGSDA20
Benchmark Provider MSCI Inc.
Price Reference Currency USD
NAV Valuation Method Daily NAV

Fees

Management Fee (TER) 1.49% p.a.
Performance Fee None
Entry/Exit Fees* None
*Your broker may charge commissions to buy and sell the ETP

Legal & Tax

Tax Treatment Germany Benefits apply to 1-year holding period
UCITS Compliant No
UCITS Eligible Eligible but not compliant with UCITS*
SFDR Classification Contact us for more information
ISA Eligible Yes
SIPP Eligible Yes
* Currently, there are no definitive regulatory indications to determine the suitability of this ETP for investment in UCITS. ETC Group has conducted an internal analysis, applying the UCITS eligibility framework to ETPs with cryptocurrencies as underlying assets. For further information, please contact us at europe@bitwiseinvestments.com.

Custody

ETC Group only partners with leading providers of digital asset custody

Komainu is a European digital assets custodian that has been founded in 2018. It was specifically built to meet the requirements of institutional investors and asset managers for the safekeeping of digital assets.

Komainu Logo

Regulated &

Komainu (Jersey) Limited is a regulated and licensed custodian, with offices in Jersey, London, Dublin, Dubai, and Singapore and is regulated initially by the Jersey Financial Services Commission (JFSC).

Cold Wallet img Custody

ETP/ETC assets are kept in cold storage wallets also known as offline air-gapped wallets within Komainu's digital vault.

Institutional-Grade img Security

Komainu's digital assets custody features multi-layer security technology, eliminating single points of failure and insulating digital assets from cyber-attacks, internal collusion, and human error.

Secure & img Certified

Komainu is backed by industry standard certifications and accreditations such as SOC 1 Type I and Type II certified (PwC audited).

Buy and sell just like stocks or ETFs

Use the securities account you already have or select from a wide range of platforms

  1. Open your online securities account and call up the order mask.
  2. Insert ticker, ISIN, or name of the product and select trading platform (Our products are tradable at least on Xetra).
  3. Set amount and review your order to ensure accuracy before confirming the trade.

Key risks of Crypto ETPs

  1. Investor's capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision.
  2. Any decision to invest should be based on the information contained in the relevant prospectus.
  3. ETP securities are structured as debt securities, not as equity.
  4. ETPs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETP.

Buy DA20 through your regular online broker or bank

Add crypto to your portfolio while using your existing account, or choose a new. Select trading platform:

Select your country
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How to order the ETP in stock market trading:
  • Open your online securities account
  • Call up the order mask
  • Set amount
  • Enter order details using the ISIN or WKN
    of the desired product
  • Select trading platform (our ETPs are all tradable on at least Xetra)
  • Place the order
What to do if the ETP is not available to you?

Contact your online trading platform or your bank's customer service to request trading access to our products. Always include ISIN and ticker in your request. If you face any difficulties, send us an email with further information to europe@bitwiseinvestments.com. We are here to help and may contact your online trading platform or bank to help resolve the issue.

Risks Involved in Investing in ETPs

  • Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  • You can lose some or all of your investment.
  • Risks of investing are numerous and include market, price, currency, liquidity, operational, legal, and regulatory risks.
  • Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  • Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.

All investors should read the relevant base prospectus and final terms contained on this website before investing and, in particular, the section entitled ‘Risk Factors’ for further details of risks associated with an investment.

Redirection to external website

The website or web pages to which you are redirected are not owned by Bitwise. Bitwise therefore shall not be held liable for any information, data, details, explanations and representations (hereinafter referred to as "Information") provided on such websites, in particular not for damages that may result from the use of this Information for your own investment decisions. Price and performance data on the websites of Bitwise may differ from the price information on the websites of the respective online brokers or banks.

The information on the websites to which you are redirected is the sole responsibility of their providers. The offers you find on the providers' websites are expressly not directed at persons in countries that prohibit the provision or retrieval of the content posted therein. Each user is responsible for finding out about any restrictions before accessing the websites and complying with them.

By clicking the "Continue" button, you will be forwarded directly to the website or login or order screen of the selected provider. In the case of an order form, the following fields are usually preset: ISIN, buy/sell and exchange. It should be possible to change such fields at any time. We recommend to carefully check all the details in the securities order form before placing an order.