Deutsche Digital Assets Launches World’s First Smart Bitcoin ETP

Deutsche Digital Assets has introduced the DDA Bitcoin Macro ETP - the first ever smart Bitcoin Exchange Traded Product (ETP) designed to dynamically adjust exposure to BTC based on macroeconomic conditions.

This innovative product is now available for trading on Deutsche Börse’s Xetra platform from Wednesday. Deutsche Börse, or Deutsche Börse Group, is a German multinational corporation that offers a market to organize the trading of shares and other securities.

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We are thrilled to announce the launch of the revolutionary DDA Bitcoin Macro ETP – the world’s first Bitcoin ETP dynamically optimizing… pic.twitter.com/Uzjjcgxru1

— Deutsche Digital Assets (@DDA_GmbH) July 3, 2024

The DDA Bitcoin Macro ETP is fully collateralized by a diversified basket of cryptocurrencies from the Compass FT DDA Bitcoin Macro Allocation Index and is held securely by “cold storage” by a regulated trustee.

This ETP offers systematic and adaptive exposure to Bitcoin (BTC) and USDC, using key macroeconomic factors to optimize Bitcoin exposure and manage long-term risks.

The ETP adjusts its exposure to Bitcoin based on macroeconomic factors and trades under the ticker “BMAC” with an overall expense ratio of 2%.

Marc des Ligneris, head of quantitative strategies at the DDA, said:

We want to offer a range of smart beta strategies allowing them to gain exposure to cryptocurrencies while managing their risk more effectively over the long term. The first of these, launched by DDA, reduces its exposure when the biggest macroeconomic factors weigh negatively on the price of Bitcoin”

Alexander Stefanov