Deutsche Digital Assets Launches Macro-Adjusted Bitcoin ETP on Euronext
Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...
Deutsche Digital Assets (DDA), a German crypto asset manager, has expanded its Bitcoin exchange-traded product (ETP) offerings by listing its DDA Bitcoin Macro ETP on Euronext Paris.
This marks the second exchange for the ETP, following its initial launch on Xetra, the electronic trading platform of Deutsche Börse
According to the company’s announcement from Sept. 17, the DDA Bitcoin Macro ETP (BMAC) is fully physically backed by a basket of cryptocurrencies that make up the Compass FT DDA Bitcoin Macro Allocation Index (DDAMACRO). The ETP is held in secure cold storage custody at Coinbase Custody International Ltd., a regulated custodian.
The ETP has a total expense ratio (TER) of 2%.
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