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Deutsche Digital Assets lists world’s first smart beta Bitcoin ETP


Deutsche Digital Assets has launched the DDA Bitcoin Macro ETP – the world’s first Bitcoin ETP dynamically optimizing Bitcoin exposure based on macroeconomic factors. The ETP is now listed and starts trading on Deutsche Börse’s Xetra today (Wednesday).

DDA Bitcoin Macro ETP is 100% physically backed by a basket of cryptocurrencies composing the Compass FT DDA Bitcoin Macro Allocation Index and is held in “cold storage” at a regulated custodian. It provides a dynamic, systematic exposure to BTC and USDC, utilizing key macroeconomic factors to optimize its Bitcoin exposure and enhance long-term risk management, at a total expense ratio of 2.00%.

Additionally, any further income generated by the underlying will be accumulated to the ETP to increase the coin entitlement. Also, due to the recent update by the German Federal Ministry of Finance (BMF) on the treatment of virtual currencies and other tokens under the German Income Tax Law, German private investors could benefit from tax advantages due to the physical redemption option embedded, rendering capital gains tax free after a 365 days holding period.

“We are excited to announce the listing of DDA Bitcoin Macro ETP, our first smart beta crypto ETP. The Bitcoin Macro ETP represents a truly unique product that is not simply another cryptocurrency wrapped into an ETP but gives investors the upside of Bitcoin while trying to protect against adverse macro environments.” said Dominik Poiger, Chief Product Officer of DDA.

Poiger said he felt that the volatility and drawdowns associated with investing in cryptocurrencies scares many retail and institutional investors.

“We want to offer a range of smart beta strategies enabling them to gain exposure to cryptocurrencies while managing their risk more efficiently over the long term,” said Marc des Ligneris, who supervises quantitative strategies at DDA. “The first one launched by DDA reduces its exposure when the biggest macroeconomic factors weigh negatively on the Bitcoin price.” said Marc des Ligneris, in charge of quantitative strategies at DDA.”

The new listing complements DDA’s offering of crypto ETPs including the DDA Physical Bitcoin ETP, DDA Physical Ethereum ETP and DDA Crypto Select 10 ETP on multiple European exchanges.

Established in 2017, Deutsche Digital Assets is a German crypto and digital asset manager that serves as a trusted gateway for investors seeking exposure to crypto assets. DDA, through various subsidiaries, offers a menu of crypto investment products and solutions, ranging from passive to actively managed, as well as financial product white-labelling services for asset managers.

By leveraging traditional financial products, DDA provides investors with familiar access to a range of crypto asset ETPs and quantitative strategies, making crypto and digital asset acquisition as easy as buying a stock.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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