Deutsche Digital Assets (DDA) Lists World’s First Bitcoin Macro ETP on Euronext Paris
Dominik Poiger, Chief Product Officer of DDA
- DDA Bitcoin Macro ETP (ISIN: DE000A3G9SE0; WKN: A3G9SE, Ticker: BMAC) is listed and starts trading on Euronext Paris on 17 September 2024
- DDA Bitcoin Macro ETP tracks the Compass FT DDA Bitcoin Macro Allocation Index (“DDAMACRO Index”)
- The newly launched ETP offers investors exposure to the world’s first Bitcoin ETP that dynamically shifts between BTC and USDC based on macroeconomic factors
- The ETP is 100% collateralized by coins held in an institutional-grade custody solution with Coinbase Custody International Ltd.
The revolutionary DDA Bitcoin Macro ETP (ISIN: DE000A3G9SE0; WKN: A3G9SE, Ticker: BMAC) is now listed and starts trading on Euronext Paris on 17 September 2024. BMAC provides investors with a dynamic, systematic exposure to Bitcoin and USDC, utilizing key macroeconomic factors to optimize its Bitcoin exposure and enhance long-term risk management, at a total expense ratio of 2.00%.
DDA Bitcoin Macro ETP is 100% physically backed by a basket of cryptocurrencies composing the Compass FT DDA Bitcoin Macro Allocation Index (“DDAMACRO”) and is held in an institutional-grade custody solution with Coinbase Custody International Ltd.
“With the listing on Euronext Paris investors from France can now invest even more economically and easily in the only macro ETP on Bitcoin: the DDA Bitcoin macro ETP. The Bitcoin Macro ETP represents a truly unique product that is not simply another cryptocurrency wrapped into an ETP but gives investors exposure to Bitcoin while trying to protect against adverse macro environments.” Said Dominik Poiger, CFA, Chief Product Officer of DDA.
| Product name | DDA Bitcoin Macro ETP |
| Ticker Xetra / Bloomberg | BMAC / BMAC GY |
| ISIN / WKN | DE000A3G9SE0 / A3G9SE |
| TER | 2.00% |
| Base Currency | USD |
| Underlying | DDA Bitcoin Macro Allocation Index (“DDAMACRO”) |
| Product Structure | Physically replicating |
| Rebalancing Frequency | Daily (up to) |
| Income Treatment | Accumulating |
| Index Provider | Compass FT |
| Domicile | Liechtenstein |
| Issuer | DDA ETP AG |
| Security Trustee | Griffin Trust AG |
| Custodian(s) | Coinbase Custody International Ltd. |
| Inception Date | 18 June 2024 |
| Listing Date(s) & Trading Currency | 3 July 2024 (Deutsche Börse Xetra, EUR), 17 September 2024 (Euronext Paris, EUR) |
Source: ETFWorld.co.uk
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