Bringing you live news and features since 2006 

DWS launches new bitcoin and Ethereum Xtrackers ETCs 

RELATED TOPICS​

DWS has launched two new Xtrackers ETCs in partnership with Galaxy Digital Holdings Ltd, designed to give investors access to bitcoin and Ethereum. 

The firm writes that the new ETCs offer investors the opportunity to participate in the performance of the two biggest digital assets by market capitalisation and to integrate them easily and cost-effectively into their portfolios. The Xtrackers Galaxy Physical Bitcoin ETC securities and the Xtrackers Galaxy Physical Ethereum ETC securities were listed on Deutsche Börse.

“Since the first Bitcoin transaction in 2009, digital assets have developed from a niche technology innovation to a globally recognized asset class. With a combined market capitalisation of more than USD 1.7 trillion, bitcoin and Ethereum alone are now too significant for investors and asset managers to ignore,” says Manfred Bauer, Global Head of DWS’ Product Division and Member of the Executive Board at DWS Group.  

DWS has entered into a strategic partnership with Galaxy to advance digital asset adoption in Europe through the partners’ combined expertise. Galaxy offers a broad range of digital asset products and services, the firm says. “We are delighted to be working with Xtrackers to offer investors institutional-grade access to digital assets and to support them with our deep digital asset expertise,” says Steve Kurz, Global Head of Asset Management at Galaxy.

The new Xtrackers digital asset ETCs offer the typical liquidity and transparency of ETPs, the firm says, and combine long-standing DWS partners from the traditional financial system with innovative digital asset-native service providers. State Street will act as Issuing and Paying Agent and Administration Agent, while MSCI will provide the bitcoin and Ethereum reference prices. The products are 1:1 physically backed utilising two cryptocurrency custodians, Zodia Custody and Coinbase, which store the cryptocurrencies in segregated offline (“cold”) storage custody accounts. The annual product fee is 0.35 per cent.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by