The 1969 Icelandic Cup was the 10th edition of the National Football Cup.
It took place between 12 July 1969 and 7 December 1969, with the final played at Melavöllur in Reykjavík. The cup was important, as winners qualified for the UEFA Cup Winners' Cup (if a club won both the league and the cup, the defeated finalists would take their place in the Cup Winners' Cup). Teams from the Úrvalsdeild karla (1st division) did not enter until the quarter finals. In prior rounds, teams from the 2. Deild (2nd division), as well as reserve teams, played in one-legged matches. In case of a draw, lots were drawn. From the semi-finals, after a replay, lots were drawn.
ÍBA Akureyri, who had a terrible season in the 1. Deild, won their first ever Icelandic Cup, and so qualified for Europe. In another first, the final was replayed after the first match was drawn 1-1.
