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