Deutsche Digital Assets to Launch Top 10 Crypto ETPs

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Deutsche Digital Assets (DDA) is set to launch an exchange-traded crypto product (ETP) tracking the top 10 cryptocurrencies by market capitalization.

The DDA Select 10 ETP (SLCT) will be listed on Deutsche Boerse in the coming weeks with a total expense ratio (TER) of 1.69%.

SCLT tracks the MarketVector Digital Assets Max 10 VWAP Close Index and has almost 90% exposure to the two biggest cryptos bitcoin and ethereum, with weightings of 62.5% and 26.3%, respectively.

The ETF also tracks binance (5.8%), cardano (1.5%) and solana (0.9%) coins.

Dominik Poiger, Chief Product Officer at DDA, said: We deliberately decided not to apply a capping system, as the uncapped nature of SLCT reflects true market performance.

With the growing interest in digital assets and growing demand for crypto ETPs, DDA is well positioned to serve the needs of investors looking for a safe and regulated way to invest in crypto assets through investment vehicles. trust investment.

This is the group’s first launch since renaming Iconic Holdings in November last year.

Last week, freshly launched crypto issuer Virtune also unveiled a crypto top 10 ETP, the Virtune Crypto Top 10 Index ETP EUR (VIR10EUR).

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