ETC Group MSCI
Digital Assets Select 20 ETP
DA20

Diversified Investment

into
the broad crypto market
  • NAV daily change -0.17%
  • NAV YTD change -
  • NAV since inception 14.14%

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 Buy now
Ticker
ISIN
Ticker
ISIN
KID Final Terms Prospectus EMT EET All Documents

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.

DA20 Product Specifications

Key Information

Primary Ticker DA20
ISIN DE000A3G3ZL3
WKN A3G3ZL3
TER 1.49%
Asset Class Digital Assets
Underlying MSCI Global
Digital Assets Select Top 20
Capped Index
Replication method Physical, quarterly rebalancing

Index Composition

MSCI Global Digital Assets Select Top 20 Capped Index

DA20 Assets under Management

Shares outstanding 32,729
Total ETP net assets market value (US$ million) 2.08

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
Bitcoin BTC 01-03-2023 37,627.91 30.86%
Ethereum ETH 01-03-2023 2,032.23 26.44%
Ripple XRP 01-03-2023 0.60 9.80%
Solana SOL 01-03-2023 59.64 7.74%
Cardano ADA 01-03-2023 0.37 4.14%
Tron TRX 01-03-2023 0.10 2.87%
Chainlink LINK 01-03-2023 14.43 2.50%
Avalanche AVAX 01-03-2023 0.76 2.20%
Polygon MATIC 01-03-2023 0.77 2.06%
Polkadot DOT 01-03-2023 5.36 2.02%
Litecoin LTC 01-03-2023 69.33 1.52%
Uniswap UNI 01-03-2023 5.95 1.44%
Bitcoin-Cash BCH 01-03-2023 222.35 1.18%
Stellar XLM 01-03-2023 0.12 1.04%
Cosmos ATOM 01-03-2023 9.30 0.83%
Ethereum-Classic ETC 01-03-2023 18.56 0.82%
Hedera HBAR 01-03-2023 0.06 0.68%
Internet Computer ICP 01-09-2023 4.47 0.63%
Lido DAO LDO 01-06-2023 2.34 0.63%
Filecoin FIL 01-03-2023 4.37 0.60%

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), Filecoin (FIL), Lidodao (LDO), Hedera (HBAR) and 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
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 0.000542854 17.77 37,627.91 32.09%
Ethereum ETH 0.008578025 280.75 2,032.23 27.39%
Ripple XRP 10.582733738 346,362.29 0.60 10.01%
Solana SOL 0.086447020 2,829.32 59.64 8.10%
Cardano ADA 7.055918483 230,933.16 0.37 4.15%
Tron TRX 17.507812330 573,013.19 0.10 2.85%
Chainlink LINK 0.108998968 3,567.43 14.43 2.47%
Avalanche AVAX 0.068915342 2,255.53 0.76 2.28%
Polygon MATIC 1.830468423 59,909.40 0.77 2.22%
Polkadot DOT 0.256629903 8,399.24 5.36 2.16%
Litecoin LTC 0.014706904 481.34 69.33 1.60%
Uniswap UNI 0.158391982 5,184.01 5.95 1.48%
Bitcoin-Cash BCH 0.003553768 116.31 222.35 1.24%
Stellar XLM 5.761252983 188,560.05 0.12 1.08%
Cosmos ATOM 0.060601219 1,983.42 9.30 0.89%

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), Filecoin (FIL), Lidodao (LDO), Hedera (HBAR) and 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
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 NAV

The net asset value (NAV) of an ETP represents
the net $ value per underlying cryptocurrency
Ticker DA20
Base currency USD
NAV (USD) 63.66
NAV daily change -0.17%  /  $ -0.11
NAV YTD change –
NAV since inception (13.04.2023) 14.14%

The ETP's NAV 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 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.

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 – August 2023

Index Performance

Annual performance (%)

Year MSCI Global Digital Assets Select Top 20 Capped Index
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		 6.17 2.38 4.25 60.62 33.63 - - 50.74

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 86.44 - - 87.25

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 Details

Name MSCI Global
Digital Assets Select Top 20
Capped Index
Index Provider MSCI
Index ISIN GB00BMVQFP07
Bloomberg index ticker MXGSDA20
Reuters index ticker TBC
Index base currency USD
Rebalance Quarterly
Strategy Performance of the top 20 digital assets
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

Exchange
Ticker BBG
RIC
SEDOL
ISIN
Valoren
WKN
Currency
Listing Date
Deutsche Börse XETRA
EUR
DA20 GR
Ticker
Listing date:
RIC DA20.DE
SEDOL BMF9D28
ISIN DE000A3G3ZL3
Valoren
WKN A3G3ZL3
EUR
2023-04-19
Deutsche Börse XETRA
USD
DA21 GR
Ticker
Listing date:
RIC DA21.DE
SEDOL BMF9D40
ISIN DE000A3G3ZL3
Valoren
WKN A3G3ZL3
USD
2023-04-19
Registered for sale
cz flag Česká Republika dk flag Danmark de flag Deutschland es flag España fr flag France ie flag Ireland it flag Italia lu flag Luxembourg mt flag Malta nl flag Nederland no flag Norge at flag Österreich pl flag Polska pt flag Portugal ch flag Schweiz fi flag Suomi se flag Sverige

Liquidity Ecosystem

Market Makers /
Authorised Participants (APs) detailed info
Flow Traders B.V. (Headquarters)
Jane Street Financial Limited
DRW Europe B.V.
Goldenberg Hehmeyer LLP
Bluefin Europe LLP
XTX Markets SAS
Virtu Financial Ireland Limited
AP Capital Management
(Hong Kong) Limited

Note: MM/AP services may vary by product

Product Details

Overview

Ticker DA20
ISIN DE000A3G3ZL3
WKN A3G3ZL3
TER (Management Fee) 1.49%
Asset Class Digital Assets
Underlying Exposure MSCI Global
Digital Assets Select Top 20
Capped Index
Weighting Methodology Market capitalisation, individual cap at 30%
Number of Constituents Max. 20
Replication method Physical
Lending Not allowed by prospectus

Key Service Providers

Issuer ETC Issuance GmbH
Index Provider MSCI Inc.
Custodian Komainu (Jersey) Limited
Security Trustee Apex Corporate Trustees (UK) Limited
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
Paying Agent Quirin Privatbank AG

Legal & Tax

UK Fund Reporting Status TBC
UCITS Compliant No
UCITS Eligible Contact us for more information
ISA Eligible Yes
SIPP Eligible Yes

Index Guide

Index Name MSCI Global
Digital Assets Select Top 20
Capped Index
Index Provider MSCI
Index ISIN GB00BMVQFP07
Bloomberg index ticker MXGSDA20
Reuters index ticker TBC
Index base currency USD
Rebalance Quarterly
Strategy Performance of the top 20 digital assets
Data aggregator Compass Financial Technologies

Structure

Domicile Germany
Issue Date 28.03.2023
Primary Listing Venue Deutsche Börse XETRA
Primary listing Date 24.04.2023
Legal Form Debt Security
Product Structure ETP (Exchange Traded Product)
Physical Settlement Yes (Both Creation & Redemption)
Leverage 1:1 (No leverage)
Minimum Investment 1 unit
Expiry Date Open ended
Entry Exit Fees* None
Replication Method Physically allocated (100% collateral)
* Your broker will charge commissions to trade the ETC like shares.

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).

Simple and secure access to crypto

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

Crypto Savings Plan

Build wealth step by step: Our ETCs are available in the savings plan programs of our brokerage partners.

Learn More
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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.