The German crypto and digital asset manager Deutsche Digital Assets (DDA), announces the expansion of its crypto ETP offerings with the launch of the DDA Crypto Select 10 ETP.
By ETFWorld.co.uk
Dominik Poiger, Chief Product Officer of DDA
- DDA Crypto Select 10 ETP (ISIN: DE000A3G3ZD0; WKN: A3G3ZD, Ticker: SLCT) will be listed and begin trading on Deutsche Börse Xetra in the coming weeks
- With the newly launched ETP, investors can gain exposure to a basket of the top 10 crypto assets in a cost-effective way.
- DDA Crypto Select 10 ETP offers exposure to lending and staking rewards, making it a highly attractive investment option.
The German crypto and digital asset manager Deutsche Digital Assets (DDA), announces the expansion of its crypto ETP offerings with the launch of the DDA Crypto Select 10 ETP. The ETP provides exposure to the 10 largest crypto assets by market capitalization, and will be listed on Deutsche Börse Xetra in the coming weeks.
The DDA Crypto Select 10 ETP is 100% physically backed by a basket of cryptocurrencies composing the MarketVector™ Digital Assets Max 10 VWAP Close Index (“MVDAMV”) and is held in an institutional-grade custody solution with Aplo SAS.
The ETP is a cost-effective way for investors to gain exposure to the cryptocurrency market with a total expense ratio of 1.69%. The ETP enables investors to diversify their portfolio through a single investment, which is a significant advantage for those seeking to balance their portfolio risk. Additionally, the DDA Crypto Select 10 ETP offers exposure to lending and staking rewards, making it a highly attractive investment option.
“We are excited to launch the DDA Crypto Select 10 ETP, which we believe will offer significant value to our investors,” said Dominik Poiger, Chief Product Officer of DDA. “The ETP will track the MarketVector Digital Assets Max 10 VWAP Close Index, an uncapped, market cap-weighted index to reflect the true nature of the cryptocurrency market. We deliberately decided against a capping scheme as the uncapped nature of the DDA Crypto Select 10 ETP captures the true market performance. With the increasing interest in digital assets and the growing demand for crypto exchange traded products, DDA is well-positioned to meet the needs of investors looking for a safe and regulated way to invest in crypto assets through trusted investment vehicles.”
DDA Crypto Select 10 ETP will be available to European investors through Deutsche Börse Xetra, under the ticker symbol “SLCT’’ with ISIN DE000A3G3ZD0 and WKN A3G3ZD.
| Product name | DDA Crypto Select 10 ETP |
| Ticker Xetra / Bloomberg | SLCT / SLCT GY |
| ISIN / WKN | DE000A3G3ZD0 / A3G3ZD |
| TER | 1.69% |
| Base Currency | USD |
| Underlying | MarketVector™ Digital Assets Max 10 VWAP Close Index (“MVDAMV”) |
| Product Structure | Physically replicating |
| Rebalancing Frequency | Quarterly |
| Income Treatment | Accumulating |
| Index Provider | MarketVector |
| Domicile | Liechtenstein |
| Issuer | DDA ETP AG |
| Security Trustee | Bankhaus von der Heydt GmbH & Co. KG |
| Custodian(s) | Aplo SAS |
| Authorized Participant(s) | Flow Traders B.V.Jane Street Financial Ltd.DRW Europe B.V.Bluefin Europe LLPGoldenberg Hehmeyer LLP |
| Launch date | May 22, 2023 |
Source: ETFWorld.co.uk
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