New crypto ETN from Deutsche Digital Assets on Xetra: diversified access to the largest crypto assets
New crypto ETN from Deutsche Digital Assets on Xetra: diversified access to the largest crypto assets
Since Tuesday, a new crypto ETN issued by Deutsche Digital Assets has been tradable on Xetra and via Börse Frankfurt.
The DDA Crypto Select 10 ETP allows investors to invest in the performance of a portfolio that includes the largest crypto assets by market capitalisation. Currently, the crypto basket is made up of Bitcoin (64.5 per cent), Ethereum (25.1 per cent), Binance Coin (4.2 per cent), XRP (2.9 per cent), Cardano (1.1 per cent), Solana (0.7 per cent), Litecoin (0.7 per cent) and Polygon (0.7 per cent).
The product is physically secured by the individual crypto assets.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
DDA Crypto Select 10 ETP | Crypto ETN | 1.69 per cent | accumulating | MarketVector Digital Assets Max 10 VWAP Close Index |
All crypto ETNs tradable on Xetra are collateralised and listed on the Regulated Market of the Frankfurt Stock Exchange. In addition, all crypto ETNs on Xetra are centrally cleared by Eurex Clearing AG as the central counterparty (CCP) of Deutsche Börse Group. Thanks to central clearing, institutional investors in particular also benefit from significantly reduced risks in the settlement of transactions.
The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,052 ETFs, 186 ETCs and 248 ETNs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.