Bitcoin

Deutsche Digital Assets just launched a macro Bitcoin ETP today.

Published

3 weeks ago

September 19, 2024

Editor

Deutsche Digital Assets GmbH (DDA) has launched the world’s first Bitcoin macro ETP. The new security will be listed today on the Euronext Paris stock exchange.

In practice, the new Bitcoin macro ETP, under the ticker BMAC, will be listed today, September 17, on the exchange Euronext Paris.

Specifically, BMAC offers investors dynamic and systematic exposure to Bitcoin and USDC, using the main macroeconomic factors to optimize exposure to Bitcoin and improve long-term risk management, with a total expense ratio of 2.00%.

How does the BMAC of Deutsche Digital Assets (DDA) work?

According to reports, the new BMAC tracks the Compass FT DDA Bitcoin Macro Allocation index (“Indice DDAMACRO”).

Not only that, the new BMAC by Deutsche Digital Assets is 100% physically backed by a basket of cryptocurrencies that make up the Compass FT DDA Bitcoin Macro Allocation index (“DDAMACRO”) and is held in an institutional-grade custody solution at Coinbase Custody International Ltd.

On this subject, Dominik Poiger, CFA, Chief Product Officer of DDA, said:

With the listing on Euronext Paris, French investors can now invest in an even more economical and simple way in the only macro ETP on Bitcoin: the DDA Bitcoin macro ETP. The Bitcoin Macro ETP represents a truly unique product that is not simply another cryptocurrency wrapped in an ETP, but offers investors exposure to Bitcoin while trying to protect against adverse macro contexts.

Source – en.cryptonomist.ch

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Argentina President Javier Milei meet with El Salvador President Nayib Bukele in Buenos Aires.

Published

1 week ago

October 2, 2024

Editor

The President of El Salvador, Nayib Bukele, met with Argentine President Javier Milei at Casa Rosada in Buenos Aires. This was Bukele’s first visit to Argentina, despite already established bilateral ties between the two governments, with Milei admiring Bukele’s efficient approach to fighting crime. The meeting discussed topics such as energy, trade and security, but there was no press conference or official statement. Argentina’s Security Minister, Patricia Bullrich, had already visited El Salvador, where she signed a security cooperation agreement with the Salvadoran government.

Both leaders have shown interest in Bitcoin and alternative economic strategies. Could we see another country embracing Bitcoin in a big way?

The crypto world will definitely be watching!