Deutsche Digital Assets (DDA) Launches First-Ever Macro Bitcoin ETP
Deutsche Digital Assets (DDA) has launched the Macro Bitcoin Exchange-Traded Product (ETP) on Xetra, introducing a groundbreaking approach to cryptocurrency investment.
This ETP dynamically adjusts Bitcoin exposure based on macroeconomic indicators, leveraging the Compass FT DDA Bitcoin Macro Allocation Index (DDAMACRO). Assets are securely held by Coinbase Custody International Ltd., ensuring robust protection and compliance with institutional-grade security standards.
🔔 𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀 𝗟𝗶𝘀𝘁𝘀 𝗪𝗼𝗿𝗹𝗱’𝘀 𝗙𝗶𝗿𝘀𝘁 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗠𝗮𝗰𝗿𝗼 𝗘𝗧𝗣 𝗼𝗻 𝗫𝗲𝘁𝗿𝗮 🔔
We are thrilled to announce the launch of the revolutionary DDA Bitcoin Macro ETP – the world’s first Bitcoin ETP dynamically optimizing… pic.twitter.com/Uzjjcgxru1
— Deutsche Digital Assets (@DDA_GmbH) July 3, 2024
The Macro Bitcoin ETP is designed to provide investors with optimized exposure to Bitcoin’s potential upside while managing risks associated with broader economic conditions.
Dominik Poiger, Chief Product Officer at DDA, highlighted the innovative nature of the ETP, emphasizing its ability to balance growth opportunities with risk mitigation strategies.
READ MORE: Arthur Hayes Sparks Debate: Bitcoin’s Technological Edge Over Gold in Financial Analysis
This differentiates it from traditional crypto investment products by offering a sophisticated framework for risk management and asset allocation.
Marc des Ligneris, overseeing quantitative strategies at DDA, underscored the ETP’s role in addressing market volatility concerns. By dynamically adjusting Bitcoin exposure in response to macroeconomic trends, the ETP aims to provide stability and long-term growth potential.
Launched on July 3, 2024, on Xetra, the ETP features a competitive 2.00% total expense ratio, making it an attractive option for both institutional and retail investors seeking efficient exposure to Bitcoin within a regulated environment.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
