DDA launches Bitcoin Macro ETP on Xetra
03 July 2024 Germany
Image: Gaston/stock.adobe.com
Deutsche Digital Assets (DDA) has launched the DDA Bitcoin Macro exchange traded product (ETP), the world's first Bitcoin ETP dynamically optimising Bitcoin exposure based on macroeconomic factors.
The ETP is now listed and starts trading on Deutsche Börse’s Xetra on 3 July.
DDA says that the Bitcoin Macro ETP provides dynamic, systematic exposure to Bitcoin and USD Coin, utilising key macroeconomic factors to optimise its Bitcoin exposure and enhance long term risk management, at a total expense ratio of two per cent.
Dominik Poiger, chief product officer at DDA, says: "We are excited to announce the listing of DDA Bitcoin Macro ETP, our first smart beta crypto ETP. The Bitcoin Macro ETP represents a truly unique product that is not simply another cryptocurrency wrapped into an ETP but gives investors the upside of Bitcoin while trying to protect against adverse macro environments.”
Marc des Ligneris, who is in charge of quantitative strategies at DDA, comments: “The volatility and drawdowns associated with investing in cryptocurrencies scare many retail and institutional investors. We want to offer a range of smart beta strategies enabling them to gain exposure to cryptocurrencies while managing their risk more efficiently over the long term. The first one launched by DDA reduces its exposure when the biggest macroeconomic factors weigh negatively on the Bitcoin price.”
The ETP is now listed and starts trading on Deutsche Börse’s Xetra on 3 July.
DDA says that the Bitcoin Macro ETP provides dynamic, systematic exposure to Bitcoin and USD Coin, utilising key macroeconomic factors to optimise its Bitcoin exposure and enhance long term risk management, at a total expense ratio of two per cent.
Dominik Poiger, chief product officer at DDA, says: "We are excited to announce the listing of DDA Bitcoin Macro ETP, our first smart beta crypto ETP. The Bitcoin Macro ETP represents a truly unique product that is not simply another cryptocurrency wrapped into an ETP but gives investors the upside of Bitcoin while trying to protect against adverse macro environments.”
Marc des Ligneris, who is in charge of quantitative strategies at DDA, comments: “The volatility and drawdowns associated with investing in cryptocurrencies scare many retail and institutional investors. We want to offer a range of smart beta strategies enabling them to gain exposure to cryptocurrencies while managing their risk more efficiently over the long term. The first one launched by DDA reduces its exposure when the biggest macroeconomic factors weigh negatively on the Bitcoin price.”
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