Bringing you live news and features since 2006 

Iconic Funds lists crypto index fund in Malta


Iconic Funds has received approval from the Malta Financial Services Authority (MFSA) to list the Iconic BITA20 XA Crypto Asset Index Fund on the Malta Stock Exchange. 

The firm writes that the listing is expected to occur in the coming days. Upon listing, the fund will be Europe’s first fund with direct exposure to crypto assets that is listed on a Regulated Market.

The fund employs a passive management investment strategy which tracks the performance of the BITA20 XA Index, a benchmark for the performance of the crypto asset market. The fund attempts to replicate the target index by investing all, or substantially all, of its capital in the top-20 crypto assets that comprise the index using the same weighting. 

Additionally, the fund strives to optimise passive returns by depositing coins into staking and interest-bearing accounts with reputable counterparties, when available. The fund is investable by Qualifying Investors only.

Launched in January 2020, the fund has a strong track record of significantly outperforming bitcoin, the firm writes. Year-to-date, as of Sept. 30, 2021, the fund had a net return exceeding 250 per cent, while bitcoin returned nearly 45 per cent over the same period of time, according to

Iconic Funds and Cryptology Asset Group CEO, Patrick Lowry, says: “While the crypto world seems hyper focused on the ever-elusive spot bitcoin ETF, we decided to stay ahead of the curve and list the Iconic BITA20 XA Crypto Asset Index Fund on a Regulated Market in Europe. Investors are actively seeking access to crypto beyond just bitcoin, and we hope our fund’s listing gives Professional Investors more opportunity to gain exposure to the crypto market.”

Latest News

LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..
Amundi has reduced its management fees across a wide selection of its ETF range. The firm writes that this move..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD66,675, marking a 4.3..

Related Articles

Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by