Doorgaan naar hoofdcontent

World’s First Bitcoin Macro ETP ‘BMAC’ Launches at Euronext Paris

World's First Bitcoin Macro ETP 'BMAC' Launches at Euronext Paris

The continued improvement of crypto-related products for TradFi investors has reached a new high, with German asset managers DDA releasing a dynamic Bitcoin ETP. The fund weights USD Coin with BTC to manage volatility based on prevailing economic conditions. Assets held within the ETP can be staked, earning yield that is applied to the fund's net asset value (NAV). Management fees are set at 2% per annum. The crypto industry's push into traditional financial products has exploded in 2024 – largely thanks to the overwhelming success of spot Bitcoin ETFs. While the US has been the major winner of the past year, Europe has pushed its already progressive legislation to the next level. Now, one of the more advanced and unique exchange-traded products (ETP) is coming to major European markets – the DDA Bitcoin Macro ETP. Related: Circle CEO Envisions US as Future Crypto Leader Amid HQ Move to New York Balance of USDC and Bitcoin to Navigate Choppy Markets Most popular crypto-related funds are either spot ETFs tracking the price of an underlying asset (Bitcoin or Ethereum), or an index comprising the shares of public mining, Web3 and AI companies. The new product, managed by Deutsche Digital Assets, primarily follows the price of Bitcoin – however, it includes a few additional holdings to balance the risk factor depending on macroeconomic conditions. The DDA Bitcoin Macro ETP offers investors exposure to the World's First Bitcoin ETP that dynamically adjusts Bitcoin exposure based on macroeconomic factors. Deutsche Digital Assets

Lees verder »

Wil je het laatste nieuws in jouw mailbox? Meld je dan aan voor de nieuwsbrief