DWS has listed two new Xtrackers exchange traded commodities (ETC) providing bitcoin and ethereum access on Deutsche Börse in collaboration with Galaxy Digital Holdings Ltd.
The two launches- Xtrackers Galaxy Physical Bitcoin ETC and Xtrackers Galaxy Physical Ethereum ETC – would help “advance digital asset adoption in Europe through the partners’ combined expertise”, shared the asset manager.
DDA and Compass Financial Technologies launch “world’s first” macro-factor-based Bitcoin index
“With a combined market capitalisation of more than US$1.7 trillion, bitcoin and ethereum are now significant for investors and asset managers,” says Manfred Bauer, global head of DWS’ product division and member of the executive board at DWS Group.
State Street will serve as the issuing and paying agent and administration agent, while MSCI will provide bitcoin and ethereum reference prices.
The ETCs, carrying an annual fee of 0.35%, are 1:1 physically backed, utilising Zodia Custody and Coinbase as cryptocurrency custodians.
