FRANKFURT, Germany, July 4, 2024 – Deutsche Digital Assets (DDA) has announced July 3 the listing of the world’s first Bitcoin Macro ETP (Exchange Traded Product) on Deutsche Börse Xetra. The DDA Bitcoin Macro ETP dynamically adjusts Bitcoin exposure based on macroeconomic factors, tracking the Compass FT DDA Bitcoin Macro Allocation Index.
Fully secured by cryptocurrencies held in cold storage by Coinbase Custody International Ltd., the ETP aims to optimize long-term risk management with a total expense ratio of 2.00%.
It also provides systematic exposure to BTC and USDC, benefiting from Germany’s updated tax treatment of virtual currencies, potentially offering tax advantages for private investors.
“We’re excited to offer a unique product that allows investors to benefit from Bitcoin while mitigating macroeconomic risks,” said Dominik Poiger, CFA, Chief Product Officer of DDA.
This launch expands DDA’s crypto ETP portfolio, which includes Physical Bitcoin, Ethereum, and Crypto Select 10 ETPs, on various European exchanges.
For more information, visit Deutsche Digital Assets.
