Key Takeaways
- Deutsche Digital Assets (DDA) lists its DDA Crypto Select 10 ETP on Deutsche Börse’s Xetra, offering investors a gateway to the top 10 cryptocurrencies.
- The ETP is 100% physically backed by a diversified basket of cryptocurrencies, providing a secure and balanced investment option.
- Deutsche Digital Assets strengthens its position as a leading crypto investment solution provider with this latest addition.
In a landmark development, Deutsche Digital Assets (DDA), a preeminent German crypto and digital asset manager, has listed its DDA Crypto Select 10 ETP on Deutsche Börse’s Xetra. This listing signifies an expansion of investment avenues in the crypto sphere for both institutional and retail investors.
The DDA Crypto Select 10 ETP provides exposure to the top 10 largest cryptocurrencies by market capitalization. It is 100% physically backed by a basket of cryptocurrencies, thus offering investors a secure and authentic avenue for crypto investments.
The ETP aligns with the MarketVector Digital Assets Max 10 VWAP Close Index (MVDAMV), offering investors a well-researched and balanced selection of cryptocurrencies.
Dominik Poiger, CFA, Chief Product Officer of DDA, highlights the significance of the listing, stating, “The DDA Crypto Select 10 ETP marks a major milestone in our product lineup. It unlocks new opportunities for investors seeking portfolio diversification through a single, cost-effective investment.”
Established in 2017, Deutsche Digital Assets has built a reputation for offering a plethora of crypto investment products and solutions. Through its subsidiaries, DDA makes crypto acquisition as easy as buying stock, catering to various investment appetites ranging from passive to actively managed funds.
The Crypto Select 10 ETP reflects DDA’s commitment to innovation and investor interests. MarketVector has played a pivotal role in supporting DDA’s new ETP.
Steven Schoenfeld, CEO of MarketVector, expressed confidence in the partnership. He asserted that MarketVector’s expertise in multi-asset crypto benchmarks would be instrumental in the ETP’s success.
Ultimately, DDA Crypto Select 10 ETP presents a highly promising investment product. Particularly for those looking to gain diversified exposure to the crypto market without the usual complexities involved in purchasing cryptocurrencies directly.
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