First MSCI index based Crypto ETP launched by ETC Group starts trading on XETRA

First MSCI index based Crypto ETP launched by ETC Group starts trading on XETRA | ETC Group
  • ETC Group MSCI Digital Assets Select 20 ETP (DA20) tracks performance of the top 20 digital assets, comprising around 85% of the crypto market.[1]
  • Investors can now passively diversify into the crypto asset market with just one ETP.

Frankfurt, April 29th 2023 - ETC Group announces the listing and trading start of the ETC Group MSCI Digital Assets Select 20 ETP (ISIN DE000A3G3ZL3, WKN A3G3ZL) on Deutsche Börse Xetra. The new exchange-traded product tracks the performance of the MSCI Global Digital Assets Top 20 Capped Index and is listed under its primary ticker DA20. The ETP is tradable in EUR and U.S. dollars on Xetra.

Issued in Germany, this is the first time investors can invest in the broad crypto market via an exchange-traded basket product that tracks the top 20 investable digital assets comprising approximately 85% of the crypto market. The three largest positions within the Index are currently Bitcoin (ETC), Ethereum (ETH) and Ripple (XRP). The index is managed and calculated by MSCI and rebalanced quarterly. At rebalance, the weight of individual components is limited to 30 percent in order to improve diversification. Stablecoins, privacy coins as well as ecosystem tokens, and so-called meme coins are not included in the index.

The index methodology is publicly available at MSCI Global Digital Assets Select Top20 Capped 20230301

Investors can trade the new ETP like shares or ETFs via their regular securities account at online brokers and banks that offer trading on Xetra and trading in crypto ETPs. Like all ETC Group products, the ETC Group MSCI Digital Assets Select 20 is fully backed by the underlying digital assets and issuer default risk is minimised via an independent trustee. The digital assets backing the ETP are safely and professionally kept in cold storage by a regulated custodian. All transactions are additionally monitored independently by a dedicated administrator.

The product offers an efficient way to passively diversify into the crypto market via a regulated financial product.

Cryptocurrencies are highly volatile, and your capital is at risk.
Information contained in this press release is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering to retail investors in the United Kingdom, or a public offering in the United States or Canada, or any state, province or territory thereof, where neither the issuer nor its products are authorised or registered for distribution or sale and where no prospectus of the issuer has been filed with any securities regulator. Full Disclaimer.

Notes

[1] Excluding stablecoins such as USDT, USDC, and other.

Copyright © 2024 ETC Group. All rights reserved

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 ETC Group

ETC Group has been created to provide investors with the tools to access the investment opportunities of the digital assets' and blockchain ecosystem. The company develops innovative digital asset-backed securities including ETC Group Physical Bitcoin (BTCE) and ETC Group Physical Ethereum (ZETH) which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.

With a track record of over three years, ETC Group is made up of an exceptional team of financial services professionals and entrepreneurs with experience spanning both digital assets and regulated markets. With product quality and safety at the core of our product creation approach, the company aims to continuously launch best-in-class institutional-grade exchange traded products.

As a company, ETC Group has previously launched BTCE - the world’s first centrally cleared Bitcoin exchange traded product on Deutsche Börse XETRA, the largest ETF trading venue in Europe, and also listed DA20, the world’s first crypto ETP tracking an MSCI index signalling a move towards investment management products. DA20 provides broad market exposure to investors by tracking an index of 20 cryptocurrencies which cover 85% of the total crypto market capitalisation.

Trading Information

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21-05-2024
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ISIN DE000A3GVKZ1
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ISIN DE000A3GYNB0
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ISIN DE000A3G90G9
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21-05-2024
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ISIN DE000A4AER62
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21-05-2024

Contact

General Inquiries info@etc-group.com
Institutional investors institutional@etc-group.com
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