Physical Cardano exposure with safe custody and the liquidity of an exchange traded product.
Our Partner
An easy way to invest in Cardano
Unlike directly investing in ADA, RDAN needs no cryptocurrency wallet, unless investors wish to redeem RDAN for ADA. Your units of RDAN are safely held with your broker or bank.
Invest in Cardano on a regulated exchange
The Cardano ETC trades on regulated European exchanges e.g. XETRA, SIX. Investors can trade with confidence knowing that market participants are vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.
Safe custody
The ADA is stored with Coinbase Custody Trust Company, a secure, regulated custodian, built for digital assets. Strict KYC and AML standards ensure the provenance of all custodied cryptocurrency is vetted.
Easier crypto access
Unlike directly investing in cryptocurrencies, ETCs require no cryptocurrency wallet, unless investors wish to redeem for the underlying coin.
Regulated exchanges
Crypto ETCs can trade on regulated European exchanges e.g. XETRA, or SIX. Market participants are strictly vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.
Underlying cryptocurrencies can be safely stored by regulated custodians, built for digital assets.
Bitwise Physical Cardano (RDAN) is an exchange traded cryptocurrency (ETC) that tracks the price of Cardano’s native platform token ADA. Cardano is a blockchain built on a proof-of-stake consensus protocol that validates transactions without high energy costs. Each unit of Cardano ETC is 100% physically backed by Cardano’s cryptocurrency ADA, and trades on European exchanges, providing investors with a safer and liquid way to gain exposure to ADA. Each unit of RDAN gives the holder a claim on a predefined amount of ADA. RDAN is issued by Bitwise (previously ETC Group) and marketed and distributed by HANetf.
Key Risks
Investors’ capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision. ETC securities are structured as debt securities, not as equity. Cryptocurrencies can be highly volatile and your capital is at risk. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.
* only for professional investors investing via this wrapper in UK
Source: HANetf, data as of 31.08.2026. Please note that all performance figures are showing net data. The underlying benchmark is “Cardano”, performance is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If product is less than 12 months old, YTD field will be calculated since inception. When you invest in ETCs your capital is at risk.
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About Partner
Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with Bitwise to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies—spanning both the U.S. and Europe.
In Europe, for the past four years, Bitwise (previously ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s largest and most liquid bitcoin ETP.
This family of crypto ETPs is domiciled in Germany and approved by BaFin. Bitwise exclusively partners with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.
Bitwise’s European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe.
Retail investors can benefit from easy access through numerous DIY/online brokers, coupled with Bitwise’s robust and secure physical ETP structure, which includes a redemption feature.
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