German Crypto Manager DDA Unveils Cost-Effective ETP for Crypto Asset Investment
Deutsche Digital Assets (DDA), a prominent German crypto and digital asset manager, has announced the expansion of its crypto exchange-traded product (ETP) offerings. The company is set to launch the DDA Crypto Select 10 ETP, which aims to provide investors with exposure to the top 10 largest crypto assets by market capitalization. This new ETP will soon be listed on Deutsche Börse Xetra, Germany’s leading stock exchange.
What sets the DDA Crypto Select 10 ETP apart is its unique structure. It is 100% physically backed by a basket of cryptocurrencies that make up the MarketVector™ Digital Assets Max 10 VWAP Close Index (MVDAMV). This means that investors will have direct ownership of the underlying crypto assets, enhancing transparency and security. The custody of the ETP will be managed by Aplo SAS, an institutional-grade custody solution provider.
One of the major advantages of the DDA Crypto Select 10 ETP is its cost-effectiveness. With a total expense ratio (TER) of 1.69%, investors can gain exposure to the cryptocurrency market without incurring high fees. Additionally, the ETP offers a convenient way to diversify investment portfolios, reducing risks associated with individual crypto assets. Another appealing aspect of this product is its potential for lending and staking rewards, making it an attractive option for investors seeking additional income streams.
Dominik Poiger, the Chief Product Officer of DDA, expressed enthusiasm about the launch, stating, “We believe the DDA Crypto Select 10 ETP will offer significant value to our investors.” Poiger emphasized the decision to track the uncapped MarketVector Digital Assets Max 10 VWAP Close Index, which accurately reflects the performance of the cryptocurrency market. By avoiding a capping scheme, the ETP aims to capture the true market dynamics. DDA is well-positioned to meet the increasing demand for crypto exchange-traded products, providing investors with a safe and regulated avenue to invest in crypto assets.
Martin Leinweber, CFA, Digital Asset Product Strategist of MarketVector, also expressed pride in introducing the MVDAMV index as a groundbreaking investment solution in the digital asset landscape. Leinweber highlighted that the uncapped index, combined with VWAP close pricing, offers investors a fair and representative opportunity to embrace the future of the crypto market. The MVDAMV index provides comprehensive exposure to the top 10 cryptocurrencies, allowing investors to navigate the dynamic world of digital assets with confidence.
European investors will soon have access to the DDA Crypto Select 10 ETP through Deutsche Börse Xetra, with the ticker symbol “SLCT” and ISIN DE000A3G3ZD0. For more information about the ETP, interested individuals can visit the DDA website or directly contact the DDA team.
DDA continues to solidify its position as a trusted one-stop-shop for investors seeking exposure to crypto assets. The company offers a range of crypto investment products and solutions, catering to both passive and actively managed exposure. Additionally, DDA provides white-labeling services for asset managers, ensuring quality and familiarity for investors.
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