Risk of capital loss. Investing in funds involves risks, including the risk of capital loss. The value of an investment is subject to market fluctuations and may therefore go down as well as up. As a result, fund investors may lose all or part of the capital they originally invested. See more
The Fund will invest in companies with significant activities in the Bitcoin theme. The attention of investors is drawn to the fact that no minimum correlation threshold has been pre-established between the price of these companies and the price of Bitcoin. On the other hand, the Fund’s methodology aims to select the securities with the highest sensitivity to Bitcoin. By investing in stocks exposed to Bitcoin, the Fund will not necessarily or mechanically follow the price of Bitcoin itself, whether it is rising or
The objective of this Fund is to track as closely as possible the performance of the Melanion Bitcoin Exposure Index regardless of its trend, positive or negative.
The Index is an equity index administered by BITA, calculated by BITA and based on a model designed by Melanion Capital. The Index is made up of a maximum of 30 securities with market capitalizations greater than 100MUSD listed on European and American markets, companies that operate in the segments of “Crypto” asset management and trading, “Crypto” banking and services, “Crypto Mining” and Blockchain technology, or the companies that hold Cryptocurrency on their balance sheets.
For further information on the Fund please consult the prospectus of the Fund.
All Share classes
As of 26 July 2023
Past performance is not a reliable indicator of current or future performance and should never be the sole basis for selecting a product or strategy.
The attention of investors is drawn to the fact that no minimum correlation threshold has been pre-established between the price of these companies and the price of Bitcoin. By investing in stocks exposed to Bitcoin, the Fund will not necessarily or mechanically follow the price of Bitcoin itself, whether it is rising or falling.
The level of risk of the fund mainly reflects the risk of the market in which the fund is invested and, as the case may be, the leveraging strategy or inverse performance of the index.
The capital initially invested does not benefit from any guarantee. The current level of risk does not indicate the future level of risk and may change over time. The lowest risk level is not equal to a risk-free investment.
Potentially lower reward
Potentially higher reward
The MELANION BTC EQUITIES UNIVERSE UCITS ETF have ongoing charges of 0.75%. These fees cover all expenses billed directly to the Fund, except for transaction costs. Transaction costs include intermediary costs (broker’s fees, etc.) and the turnover commission, if any, that might be charged by the Depositary.
The daily price and return of the Melanion Bitcoin Exposure Index are calculated and published by BITA GmbH, a leading index provider, with a strong focus on technology and infrastructure for
indexation and systematic investing.
The composition of the index includes companies that satisfy the following criteria:
The constituents follow a beta weighted methodology (a composite measure of the volatility of a
security (the share price) relative to a benchmark (the price of Bitcoin). For each constituent Beta coefficients are calculated as the covariance between the constituent weekly returns and the Bitcoin weekly returns divided by the variance of the Bitcoin weekly returns. Only constituents with positive betas are considered for index composition.
Except for extraordinary adjustments, the Index is reconstituted and rebalanced quarterly at the Close of Business (COB) on the 3rd Friday of March, June, September and December after the market closes.
The exact composition and the rules for reviewing the composition of the Index are available on the website: https://www.bitadata.com