BREAKING: World’s First Macro Bitcoin ETP Launched by DDA
- The DDA Bitcoin Macro ETP dynamically adjusts Bitcoin exposure based on macroeconomic conditions.
- The ETP offers tax advantages for German investors, appealing for long-term exposure.
Deutsche Digital Assets (DDA) has introduced a game-changing investment tool, the first-ever Macro Bitcoin Exchange-Traded Product (ETP) on Xetra.
This creative ETP provides investors with a fresh way to invest in cryptocurrency since it constantly changes its Bitcoin exposure depending on the current macroeconomic situation.
🔔 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
Bitcoin ETP: Balancing Gains with Macroeconomic Risks
Importantly, the list marks a turning point for those trying to balance macroeconomic risks with possible returns. Now trading on Xetra of Deutsche Börse, the DDA Bitcoin Macro ETP stands out for its original approach of dynamically optimizing Bitcoin exposure in reaction to macroeconomic events.
Moreover, this ETP manages exposure to negative economic situations while also providing a mix of Bitcoin’s development potential. Coinbase Custody International Ltd. securely maintains a basket of cryptocurrencies known as the Compass FT DDA Bitcoin Macro Allocation Index (DDAMACRO), which completely supports it.
Turning now to a more general view, the ETP combines USD Coin (USDC) and Bitcoin (BTC) using important economic data to maximize exposure and improve long-term risk management.
Chief Product Officer of DDA, Dominik Poiger, underlined the creative character of the ETP and underlined that it provides investors with the possible upside of Bitcoin while reducing the dangers related to bad macroeconomic conditions. Unlike conventional crypto ETPs, this smart beta technique allows a more exact investing plan.
Addressing Volatility and Risk
Marc des Ligneris, in charge of quantitative strategies at DDA, pointed out that this solution seeks to more effectively control investment risk by dynamically lowering exposure in reaction to major macroeconomic pressures, thus tackling volatility issues.
Moreover, the DDA Bitcoin Macro ETP offers a methodical and dynamic way to expose Bitcoin, therefore reflecting a major development in cryptocurrency investment.
Accessible on Xetra since July 3, 2024, the ETP has assets kept in “cold storage” to provide maximum protection and boasts institutional-grade security with a 2.00% total expense ratio.
For German private investors, who could profit from capital gains tax exemptions following a 365-day holding period, this launch also offers tax benefits. Long-term investors looking for tax-efficient exposure to Bitcoin find the ETP especially intriguing thanks to Germany’s crypto-friendly tax rules.
A Trend Towards Tokenized Investments
As tokenized investment methods become more popular, the DDA Bitcoin Macro ETP sets a standard for next-generation products that aim to combine bitcoin exposure with macroeconomic insights.
This new product enhances DDA’s already available products, which include the DDA Physical Bitcoin ETP and the DDA Crypto Select 10 ETP, therefore increasing choices for investors on several European markets.
Meanwhile, with a decrease of 4.84% over the last 24 hours, BTC is currently trading at about $59,820.43 per CoinMarketCap.
On the other hand, CNF has highlighted Nasdaq Stockholm in the larger ETP market, welcoming the Virtune XRP ETP (VIRXRP), completely backed by physical XRP, therefore offering Nordic investors a new choice as of today.