Bitwise MSCI Digital Assets Select 20 ETP
DA20
TICKER
ISIN

Diversified Investment

into
the broad crypto market
  • NAV daily change
    5.99 %
  • NAV YTD change
    -26.22 %
  • NAV since inception
    88.38 %

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 managed by MSCI and rebalanced on a quarterly basis.

Passive and rules-based investing

The Bitwise MSCI Digital Assets Select 20 ETP is a fully backed exchange traded product that offers investors simple and cost-efficient access to the leading investable digital assets and cryptocurrencies comprising around 90% of the crypto market. The ETP is issued in Germany, with primary listing on Deutsche Börse XETRA.

Factsheet
TICKER
ISIN

DA20 Product Specifications

Key Advantages of DA20

Efficient Diversification

DA20 provides passive and diversified broad market exposure to digital assets in one single product, covering approximately 90% 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% fully backed by cryptocurrency held securely in secure cold storage custody.

Institutional-grade Custody

The assets backing the ETP are kept in expertly-managed cold storage custody and are secured by an independent trustee, thus eliminating issuer default risk.

*Excluding stablecoins such as USDT, USDC, and other.

Specifications

Key Information

Primary Ticker DA20
ISIN DE000A3G3ZL3
WKN A3G3ZL
TER 1.49% p.a.
Asset Class Digital Assets
Underlying Exposure MSCI Global Digital Assets Select Top 20 Capped Index
Strategy Diversification
Replication method Physically allocated (100% fully backed)

Index Composition

MSCI Global Digital Assets Select Top 20 Capped Index Last updated/weightings as of

DA20 Assets under Management

Last updated:
Shares outstanding 110,656
Total ETP net assets market value (US$ million) 11.63

NAV

NAV (USD)
$ 105.06
NAV to previous day
5.99%  /  $ 5.93

DA20 Performance

Year NAV
YTD -26.22%
2024 76.35%
2023 39.12%

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
BitcoinBitcoin BTC 01-03-2023 94,223.09 33.94%
EthereumEthereum ETH 01-03-2023 1,771.20 22.23%
RippleRipple XRP 01-03-2023 2.11 18.29%
SolanaSolana SOL 01-03-2023 143.05 9.29%
CardanoCardano ADA 01-03-2023 0.65 4.41%
TronTron TRX 01-03-2023 0.24 2.77%
ChainlinkChainlink LINK 01-03-2023 13.40 1.19%
StellarStellar XLM 01-03-2023 0.26 1.12%
AvalancheAvalanche AVAX 01-03-2023 0.44 1.05%
HederaHedera HBAR 01-03-2023 0.17 0.99%
Bitcoin-CashBitcoin-Cash BCH 01-03-2023 355.43 0.97%
PolkadotPolkadot DOT 01-03-2023 3.90 0.75%
LitecoinLitecoin LTC 01-03-2023 82.36 0.73%
UniswapUniswap UNI 01-03-2023 4.90 0.38%
NEARNEAR NEAR 01-03-2023 2.29 0.36%
AptosAptos APT 01-06-2023 4.74 0.36%
AaveAave AAVE 01-03-2025 165.90 0.34%
Ethereum-ClassicEthereum-Classic ETC 01-03-2023 15.82 0.30%
Internet ComputerInternet Computer ICP 01-09-2023 4.53 0.28%
VeChainVeChain VET 01-03-2025 0.02 0.26%

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 0.000413465 45.75 94,223.09 35.62%
Ethereum ETH 0.014682431 1,624.70 1,771.20 23.11%
Ripple XRP 8.687393456 961,312.21 2.11 17.66%
Solana SOL 0.073277870 8,108.64 143.05 10.04%
Cardano ADA 5.403921204 597,976.30 0.65 3.37%
Tron TRX 12.966628715 1,434,835.27 0.24 3.03%
Chainlink LINK 0.096066792 10,630.37 13.40 1.25%
Avalanche AVAX 0.061979480 6,858.40 0.44 1.23%
Stellar XLM 4.598668170 508,870.23 0.26 1.11%
Bitcoin-Cash BCH 0.002984252 330.23 355.43 1.00%
Litecoin LTC 0.011363381 1,257.43 82.36 0.88%
Polkadot DOT 0.229174978 25,359.59 3.90 0.84%
Uniswap UNI 0.090397492 10,003.02 4.90 0.47%
NEAR NEAR 0.177192856 19,607.45 2.29 0.38%

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 – May 2025

Index Performance
(Periods)

1 month -0.45%
3 months -31.14%
6 months 22.97%
1 year 14.13%
3 years 21.62%
5 years 797.88%
Since Nov 26, 2019 883.07%

Index Performance
(Years)

YTD -22.87%
2024 81.36%
2023 134.24%
2022 -72.80%
2021 231.84%
2020 256.01%

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 Guide

Index Name MSCI Global Digital Assets
Select Top 20 Capped Index
Index Provider MSCI Inc.
Index ISIN GB00BMVQFP07
Index Bloomberg Ticker MXGSDA20
Index Reuters Ticker .dMIWDDGT2ECUS
Index Base Currency USD
Weighting Methodology Market capitalisation
Maximum Weight per Component 30%
Rebalancing Frequency Quarterly
Maximum Number of Consitutents 20
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

Currency
Exchange
ISIN
WKN
Valoren
Ticker BBG
SEDOL
RIC
Ticker
Listing date:
ISIN -
WKN A3G3ZL
Valoren -
DA20 GR
SEDOL BMF9D28
RIC DA20.DE
Ticker
Listing date:
ISIN -
WKN A3G3ZL
Valoren -
DA21 GR
SEDOL BMF9D40
RIC DA21.DE
Ticker
Listing date:
ISIN -
WKN -
Valoren 126630022
DA20CHF BW
SEDOL BRJN8F9
RIC -
Ticker
Listing date:
ISIN -
WKN -
Valoren -
DA20 FP
SEDOL BRJ4M94 FR
RIC DA20.PA

Buy and sell just like stocks or ETFs

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

  1. Open your online securities account and call up the order mask.
  2. Insert ticker, ISIN, or name of the product and select trading platform (Our products are tradable at least on Xetra or other major primary listing exchanges).
  3. Set amount and review your order to ensure accuracy before confirming the trade.
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.
Jane Street Financial Limited
Susquehanna International Securities Limited
XTX Markets SAS
Goldenberg Hehmeyer LLP
Makor Securities London Ltd (Enigma Securities)
DRW Europe B.V.
Product Details

Structure

Domicile Germany
Issue Date 28.03.2023
Primary Listing Exchange Deutsche Börse XETRA
Primary listing Date 24.04.2023
Legal Form Debt Security, fully asset-backed
Product Structure ETP (Exchange Traded Product)
Redemption by Investors* Yes
Creation & Redemption (APs) In-kind
Leverage 1:1 (No leverage)
Minimum Investment 1 unit
Expiry Date Open ended
Replication Method Physically allocated (100% fully backed)
Lending No
*Possible against the undelrying cryptocurrency or in cash in cases where redemption in cryptocurrency is not possible for regulatory reasons.

Key Service Providers

Issuer Bitwise Europe GmbH
Prospectus Competent Authority BaFin (Germany)
Custodian Komainu (Jersey) Limited
Security Trustee The Law Debenture Trust Corporation p.l.c.
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
Paying Agent & Fiscal Agent Quirin Privatbank AG

Underlying Price Reference

Benchmark Name MSCI Global Digital Assets Select Top 20 Capped Index
Bloomberg Ticker MXGSDA20
Benchmark Provider MSCI Inc.
Price Reference Currency USD
NAV Valuation Method Daily NAV

Fees

Management Fee (TER) 1.49% p.a.
Performance Fee None
Entry/Exit Fees* None
*Your broker may charge commissions to buy and sell the ETP

Legal & Tax

UCITS Compliant No
UCITS Eligible Eligible but not compliant with UCITS*
SFDR Classification Contact us for more information
ISA Eligible Yes
SIPP Eligible Yes
* Currently, there are no definitive regulatory indications to determine the suitability of this ETP for investment in UCITS. Bitwise has conducted an internal analysis, applying the UCITS eligibility framework to ETPs with cryptocurrencies as underlying assets. For further information, please contact us at europe@bitwiseinvestments.com.

Institutional Custody

Bitwise 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).

Buy and sell just like stocks or ETFs

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

  1. Open your online securities account and call up the order mask.
  2. Insert ticker, ISIN, or name of the product and select trading platform (Our products are tradable at least on Xetra or other major primary listing exchanges).
  3. Set amount and review your order to ensure accuracy before confirming the trade.

Risk Warnings

  1. Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  2. You can lose some or all of your investment.
  3. Risks of investing are numerous and include market, price, currency, liquidity, operational, legal, and regulatory risks.
  4. Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  5. Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.
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Risk Warnings

  • Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  • You can lose some or all of your investment.
  • Risks of investing are numerous and include market, price, currency, liquidity, operational, legal and regulatory risks.
  • Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  • Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.

All investors should read the relevant base prospectus and final terms contained on this website before investing and, in particular, the section entitled ‘Risk Factors' for further details of risks associated with an investment.

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Buy through your regular online broker or bank

Buy this ETP using your existing brokerage account, or choose from a variety of platforms:

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How to order the ETP in stock market trading:
  • Open your online securities account
  • Call up the order mask
  • Set amount
  • Enter order details using the ISIN or WKN
    of the desired product
  • Select trading platform (our ETPs are all tradable on at least Xetra)
  • Place the order
What to do if the ETP is not available to you?

Contact your online trading platform or your bank's customer service to request trading access to our products. Always include ISIN and ticker in your request. If you face any difficulties, send us an email with further information to europe@bitwiseinvestments.com. We are here to help and may contact your online trading platform or bank to help resolve the issue.

Risks Involved in Investing in ETPs

  • Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  • You can lose some or all of your investment.
  • Risks of investing are numerous and include market, price, currency, liquidity, operational, legal, and regulatory risks.
  • Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  • Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.

All investors should read the relevant base prospectus and final terms contained on this website before investing and, in particular, the section entitled ‘Risk Factors’ for further details of risks associated with an investment.

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The website or web pages to which you are redirected are not owned by Bitwise. Bitwise therefore shall not be held liable for any information, data, details, explanations and representations (hereinafter referred to as "Information") provided on such websites, in particular not for damages that may result from the use of this Information for your own investment decisions. Price and performance data on the websites of Bitwise may differ from the price information on the websites of the respective online brokers or banks.

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