ETC Group lists MSCI Crypto Index Basket ETP on Euronext Paris

Paris/London, 11 January 2024 – ETC Group, a leading European provider of digital asset-backed securities, has announced today the listing of DA20 (ISIN DE000A3G3ZL3), the world's first and only MSCI benchmarked crypto index ETP, on the Euronext Paris exchange.

Launched together with MSCI in April 2023 on the Deutsche Börse XETRA in Germany, the ETC Group MSCI Digital Assets Select 20 ETP tracks the performance of the MSCI Global Digital Assets Select Top 20 Capped Index. The index, which was developed by MSCI with ETC Group's input, represents the 20 leading digital assets. These currently include cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Each individual constituent of the index is capped at a maximum of 30 percent. Stablecoins, privacy tokens and meme-coins, are excluded from the index universe.

The exchange-traded security allows both private and institutional investors to diversify their exposure to the crypto market. Similar to all ETC Group crypto ETPs, the ETC Group MSCI Digital Assets Select 20 is fully backed by cryptocurrency and secured against issuer insolvency risk by a trustee. The tokens are securely stored in cold storage by a regulated crypto custodian. Additionally, all transactions undergo independent monitoring by a designated administrator.

DA20 covers approximately 85% of the crypto market

To celebrate the listing, Bradley Duke and Maximilian Monteleone, both co-founders of ETC Group, alongside Leyla Sharifullina, COO of the company, ceremoniously rang the opening bell at the Paris Stock Exchange, symbolically signaling the commencement of DA20's trading on Euronext Paris

Duke commented,

We are immensely proud to list this benchmark ETP on another market. This product offers an efficient means to passively invest and diversify across the breadth of the crypto asset market through a single, regulated capital market product: DA20 covers approximately 85% of the crypto market, making it the most diversified product available.

Important information:

This article does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This article is for general informational purposes only, and there is no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

Before investing in crypto ETPs, potentional investors should consider the following:

Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors mentioned therein. The invested capital is at risk, and losses up to the amount invested are possible. The product is subject to inherent counterparty risk with respect to the issuer of the ETPs and may incur losses up to a total loss if the issuer fails to fulfill its contractual obligations. The legal structure of ETPs is equivalent to that of a debt security. ETPs are treated like other securities.

About Bitwise

Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies—spanning both the U.S. and Europe.

In Europe, for the past four years Bitwise (previously ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s largest and most liquid bitcoin ETP.

This family of crypto ETPs is domiciled in Germany and approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe.

Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature.

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