Germany’s Deutsche Digital Assets (DDA) launched the Bitcoin (BTC) Macro, an exchange-traded product (ETP), on the prominent Deutsche Borse Xetra marketplace. The ETP “BMAC” actively manages its Bitcoin exposure based on macroeconomic conditions, all the while providing a total of 2.00%.
The “DDA Bitcoin Macro ETP” is underpinned by a broad crypto basket and is safely held in a Coinbase Custody institutional-grade solution.
Capitalizing on Market Volatility: Exploratory Strategies
It incorporates BTC and USDC,
“utilizing key macroeconomic factors to optimize its Bitcoin exposure and enhance long-term risk management,” as the firm adds.
As mentioned by Marc des Ligneris, holding the responsibility of overseeing quantitative strategies at DDA.
“The volatility and drawdowns associated with investing in cryptocurrencies scare many retail and institutional investors,”
ETFs and ETPs related to crypto exchanges listed internationally received $2.2 billion during May and year to date net inflows to $44.50 billion, says ETFGI, an independent research consultancy firm.
Growing Number of Companies Planning to Offer Crypto ETFs and ETPs
The array of Crypto ETFs and ETPs is growing with 208 products listed across 20 exchanges in 16 countries with an AUM of $82.27 billion, according to ETFGI in June .
In the first half of the year, Figment Europe Ltd and Apex Group launched two crypto ETPs at the SIX Swiss Exchange.
European Market Continues to Lead in ETNs Innovation in Cryptocurrencies Expansion
Late in 2020 last year, about ten to thirteen spot Bitcoin ETFs were approved by the U. S. Securities Exchange Commission (SEC) which led to a bull market and trading spree.
In Europe, CoinShares, 21Shares, WisdomTree, and ETC Group are key issuers who have featured many cryptocurrency ETPs providing investors with exposure to Bitcoin and Ethereum through the years.
