1969 Icelandic Cup
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. Teams from the Úrvalsdeild karla did not enter until the quarter finals. In prior rounds, teams from the 2. Deild, 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.
First round
| Team 1 | Team 2 | Result |
| Vestri Isafjörður | Stjarnan Gardabaer | 5 - 2 |
| þrottur Reykjavík B | FH Hafnarfjörður | 0 - 1 |
| ÍBK Keflavík B | Armann Reykjavík | 1 - 2 |
| ÍBA Akureyri B | UMF Selfoss B | 4 - 1 |
| KR Reykjavík B | þrottur Reykjavík | 5 - 2 |
| Haukar Hafnarfjörður B | UMF Njarðvík | 2 - 3 |
| Víkingur Reykjavík B | Armann Reykjavík B | 4 - 0 |
| Valur Reykjavík B | Hrönn | 4 - 0 |
| Hörður Isafjörður | Víkingur Reykjavík | 1 - 6 |
| ÍBV Vestmannaeyjar B | Haukar Hafnarfjörður | 1 - 0 |
| Völsungur Húsavík | Breiðablik Kopavogur | 3 - 0 |
Second round
- Entrance of Hamar Hveragerði, HSH, UMF Selfoss and the reserve teams from Fram Reykjavík B, IA Akranes B, Breiðablik Kopavogur B and FH Hafnarfjörður B.
| Team 1 | Team 2 | Result |
| Fram Reykjavík B | Hamar Hveragerði | 5 - 1 |
| HSH | Valur Reykjavík B | 2 - 5 |
| Völsungur Húsavík | KR Reykjavík B | 3 - 2 |
| IA Akranes B | Víkingur Reykjavík B | 6 - 1 |
| FH Hafnarfjörður B | ÍBA Akureyri B | 2 - 1 |
| UMF Selfoss | FH Hafnarfjörður | 2 - 0 |
| Víkingur Reykjavík | Breiðablik Kopavogur B | 4 - 1 |
| UMF Njarðvík | Vestri Isafjörður | 0 - 1 |
| Armann Reykjavík | ÍBV Vestmannaeyjar B | 1 - 4 |
Third round
- Entrance of 7 clubs from 1. Deild
| Team 1 | Team 2 | Result |
| Vestri Isafjörður | Valur Reykjavík | 1 - 2 |
| ÍBA Akureyri | IA Akranes B | 3 - 2 |
| Valur Reykjavík B | Völsungur Húsavík | 3 - 2 |
| KR Reykjavík | FH Hafnarfjörður B | 4 - 0 |
| UMF Selfoss | Fram Reykjavík B | 4 - 2 |
| Fram Reykjavík | IA Akranes | 0 - 3 |
| ÍBV Vestmannaeyjar B | Víkingur Reykjavík | 1 - 2 |
| ÍBV Vestmannaeyjar | ÍBK Keflavík | 1 - 0 |
Quarter finals
| Team 1 | Team 2 | Result |
| Valur Reykjavík B | UMF Selfoss | 0 - 2 |
| Valur Reykjavík | IA Akranes | 0 - 1 |
| Víkingur Reykjavík | ÍBA Akureyri | 3 - 4 |
| KR Reykjavík | ÍBV Vestmannaeyjar | 3 - 1 |
Final
Replay
- ÍBA Akureyri won their first Icelandic Cup and qualified for the 1970–71 European Cup Winners' Cup.