German asset manager DWS, in collaboration with Galaxy Digital Holdings, has introduced two new Exchange Traded Commodities (ETCs) as part of its Xtrackers series. This ETCs provide investors with easily accessible ways to participate in the performance of Bitcoin and Ethereum, the two largest digital assets by market capitalization. The introduction of these products reflects DWS’ commitment to providing cost-effective and easy-to-integrate solutions for investors who want to gain exposure to the digital asset market.
Improved accessibility to digital assets
The newly launched Xtrackers Galaxy Physical Bitcoin ETC and Xtrackers Galaxy Physical Ethereum ETC have been registered with Deutsche Börseand provides investors seamless access to the performance of Bitcoin and Ethereum in their investment portfolios. DWS aims to leverage its partnership with Galaxy Digital to bridge the gap between traditional financial systems and the burgeoning digital asset ecosystemand offers investors the liquidity and transparency typical of listed products.
Robust infrastructure and depot solutions
Federal highway will act as an issuing and paying agent as well as an administrative agent for these ETCs, ensuring operational efficiency and compliance with regulatory standards. MSCI will provide reference prices for Bitcoin and Ethereum, which increases transparency and reliability for investors. Additionally, the ETCs are physically secured 1:1 and utilize the services of cryptocurrency custodians Zodia Custody and Coinbase, using offline segregated (“cold”) custodial accounts for enhanced security measures.
Strategic partnership with Galaxy Digital
Working with Galaxy Digital means DWS strategic initiative to drive digital asset adoption in Europe. Leveraging Galaxy's financial services and investment management expertise in digital assets and blockchain technology, DWS aims to expand the accessibility and use of digital assets for investors. Since Bitcoin and Ethereum have a combined market cap of over $1.7 trillion, These assets have become increasingly important to investors and asset managers worldwide.
Diploma
Manfred Bauer, Global Head of DWS Products, highlights the growing importance of digital assets as a recognized asset class. It highlights the central role that Bitcoin and Ethereum play in today's investment landscape and underscores the need for investors and asset managers to embrace these assets. By collaborating with Galaxy Digital, DWS aims to achieve this Enable investors expanded opportunities to participate in the digital asset marketto meet the changing needs of the investment community.
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