A new crypto exchange-traded note (ETN) issued by Deutsche Digital Assets has been tradable via Xetra and the Frankfurt Stock Exchange since Wednesday.
With the DDA Bitcoin Macro ETP, investors can invest in the performance of a portfolio consisting of Bitcoin and USD Coin. The composition is determined by a quantitative model. This uses the main macroeconomic factors to modulate its exposure to Bitcoin and manage its risk over the long term.
The product is physically backed by the individual crypto assets.
|
Name |
Asset class |
ISIN |
Ongoing charges |
Reference index |
|
DDA Bitcoin Macro ETP |
Crypto ETN |
2.00 per cent |
DDA Bitcoin Macro Allocation Index |
All crypto ETNs tradable on Xetra are physically collateralised and listed on the Regulated Market of the Frankfurt Stock Exchange. In…
