Deutsche Digital Assets (DDA) has introduced the DDA Bitcoin Macro exchange-traded product (ETP). DDA says in a press release that it is the first of its kind to dynamically adjust Bitcoin exposure based on macroeconomic factors. Trading of the ETP began on 3 July on Deutsche Börse’s Xetra.

According to DDA, the Bitcoin Macro ETP offers dynamic and systematic exposure to Bitcoin and USD Coin. It utilises key macroeconomic indicators to optimise Bitcoin exposure and enhance long-term risk management. The total expense ratio for the product is set at two per cent.

This launch marks DDA’s first smart beta crypto ETP, setting a precedent for future products designed to offer managed exposure to the volatile cryptocurrency market.

PostTrade 360 Nordic 2024