RDAN

ETC Group Physical Cardano

Physical Cardano exposure with safe custody and the liquidity of an exchange traded product.

Case for a Cardano ETC

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.

Case for Crypto ETCs

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.

Safe custody

Underlying cryptocurrencies can be safely stored by regulated custodians, built for digital assets.

As of 20.06.2024

Product Objective

ETC Group 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 ETC Group and marketed and distributed by HANetf.

Key Information

Inception Date09/12/2021
Base currencyUSD
Value of Ada Holding$1,357,761
TER195 bps
Replication MethodPhysically Allocated Ada
DomicileGermany
ISINDE000A3GVKY4

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.

Product Information

TickerRDAN
Asset ClassDigital Assets

Net Asset Values

NAV$1.82
Value of Ada Holding$1,357,761
Shares Outstanding745,800
Issuer AUM$1,511,014,288
Entitlement Per Security4.7542851682

Product Structure

UCITS CompliantNo
UCITS EligiblePlease contact HANetf
ISA Eligible*Yes
SIPP Eligible*Yes

* only for professional investors investing via this wrapper in UK

Key Service Providers

CustodianCoinbase
TrusteeThe Law Debenture Trust Corporation plc
IssuerETC Issuance GmbH
RegistrarClearstream Banking AG, Frankfurt ("CBF")

Registrations

Austria
Czech Republic
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Poland
Spain
Sweden
Switzerland

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
XetraRDAN GYRDAN.DEBN473R52021-12-15
Exchange Xetra
Ticker RDAN GY
RIC RDAN.DE
SEDOL BN473R5
CCY
Listing Date 2021-12-15

Performance

RDAN (Fund)
1M3.65%
3M-35.38%
6M19.09%
YTD-25.95%
12M18.29%
3Y-
Since Inception (09/12/2021)-67.18%

NAV

Source: HANetf, data as of 31.05.2024. 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.

Holdings As of 20.06.2024

Index Details

Knowledge hub

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About Partner

ETC Group brings together financial services professionals with experience spanning both the worlds of digital assets and regulated markets with a single goal: to make investing in crypto-currencies easy, transparent and safe. Much has been said but little done in delivering what the institutional investor wants and expects in this space. In developing this platform, the team at ETC has taken every care to deliver products with integrity that address the very real concerns that many investors have in trading unregulated assets.
United within ETC Group is one of the world’s largest electronic market makers, two London-based FCA- regulated brokers and a team of experienced financial services professionals all bringing network and know-how to the venture.

In the traditional sense, ETC stands for “exchange traded commodity”. ETC Group branded the venture under the ETC brand hijacking the traditional acronym and turning it into “exchange traded crypto” (“ETC”). Products such as BTCE are structured like bonds and come with all the perks of trading on regulated exchange.

How to Buy