ADAW
WisdomTree Physical Cardano
Why Invest?
- Physically backed by Cardano.
- Each share has a corresponding Cardano entitlement professionally secured in "cold storage".
- WisdomTree is a world leader at securing physical metals underlying ETP s and have used the same structure to protect fund holdings.
- Institutional cryptocurrency custody solutions which are continuously evaluated and monitored by WisdomTree.
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The price of Cardano may fluctuate and may be affected by numerous factors including supply and demand, the global financial markets and other political, financial or economic events. The value of securities in this ETP is directly affected by increases and decreases in the value of Cardano. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Digital Asset Exchange Risk: To the extent that a relevant stock exchange, where the ETP securities are listed, is closed while the markets for Cardano remain open, significant price movements may take place. This may limit an investor's ability to react to price movements or volatility in the value of Cardano until such relevant stock exchange is open for trading.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the price of Cardano .
- Currency Risk: The price of Cardano is generally quoted in US Dollars. To the extent that a security holder values their holdings in another currency, the value will be affected by changes in the exchange rate.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Overview
Fund Overview | |
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Base Currency | USD |
Bloomberg Ticker | ADAW SW |
Index Bloomberg Ticker | ADAUSD_RR |
Index Name | CF Cardano-Dollar Settlement Price |
ISIN | GB00BNGJ9J32 |
Leverage Factor | N/A |
Structure | |
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Domicile | Jersey |
Replication method | Physical - backed by Cardano |
Legal form | Debt security |
Legal structure | ETP |
Further Legal and Tax Information | |
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UCITS Eligible | Please refer to footnote 1 |
UK Reporting Status | Yes |
Key Service Providers | |
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Custodian | Swissquote Bank AG, Coinbase Custody Trust Company, LLC |
Administrator | JTC Fund Solutions (Jersey) Limited |
Trustee | The Law Debenture Trust Corporation p.l.c. |
Auditor | EY Jersey |
Issuer | WisdomTree Issuer X limited |
Registrar | Computershare Investor Services (Jersey) Ltd |
Fees | |
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Management Fee | 0.50% |
Capital Adjustment Factor | 0.00% |
Listings & Codes
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Performance
Product | |
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Month-To-Date (mtd) | 16.90% |
Year-To-Date (ytd) | -26.21% |
1 Year | 42.76% |
2 Year | 0.93% |
Underlying Holdings
Price Reference | |
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Price Reference Name | CF Cardano-Dollar Settlement Price |
Price Reference Provider | CF Benchmark |
Currency | USD |
Bloomberg Ticker | ADAUSD_RR |
Price Reference Website | https://www.cfbenchmarks.com/documentation/products/cme-cf |
Security | 17 Jul 2024 |
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1. Cardano (ADA) | 100.00% |
Documents
Historical Data
1 Currently there are no definitive regulatory policies available to determine eligibility for UCITS investment. WisdomTree has completed an analysis applying the framework for UCITS eligibility to Exchange Traded Notes with cryptoassets as the underlying asset. If you would like to find out the details from this analysis, please contact us.
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Issuer X Limited (the “Issuer”). Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled “Risk Factors” for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of Swissquote Bank Ltd (“Swissquote”), Coinbase Custody Trust Company LLC (“Coinbase”), any of their affiliates or anyone else or any of their affiliates. Each of Swissquote and Coinbase disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.
The product discussed in this document is an unregulated ETP, approved to trade on the SIX Swiss Exchange in Switzerland. Cryptocurrencies are a high-risk investment and may not be suitable for all types of investor. Prospective investors should be aware that the price of the underlying asset(s) by which the securities are secured can demonstrate higher volatility than other asset classes and consequently the value of the securities may be extremely volatile. You must ensure that the nature, complexity and risks associated with cryptocurrencies are suitable for your objectives in light of your circumstances and financial position.
CF BENCHMARKS LTD DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR CERTAIN WISDOMTREE PRODUCTS. CF BENCHMARKS LTD, ITS LICENSORS AND AGENTS HAVE NO OTHER CONNECTION TO WISDOMTREE PRODUCTS AND SERVICES AND DO NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY WISDOMTREE PRODUCTS OR SERVICES. CF BENCHMARKS ITS LICENSORS AND AGENTS HAVE NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE WISDOMTREE PRODUCTS AND SERVICES. CF BENCHMARKS ITS LICENSORS AND AGENTS DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY INDEX LICENSED TO WISDOMTREE AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.