- This is the first crypto ETP to launch based on an MSCI index
- The ETP will track the performance of the MSCI Global Digital Assets Select Top 20 Capped Index, with quarterly rebalancing
- The ETC Group MSCI Digital Assets Select 20 ETP is expected to list as early as April on Deutsche Börse Xetra under its planned primary ticker “DA20”
- The ETP will be physically-backed, with digital assets kept in cold storage custody
29 March, 2023. London, UK
ETC Group (etc-group.com ), Europe's leading provider of digital asset-backed securities, has announced today that it will list the first crypto ETP based on an MSCI index. The ETC Group MSCI Digital Assets Select 20 ETP is expected to list on Germany's Deutsche Börse XETRA in April.
The ETP will track 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, was launched in early March this year, and 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.
Like other ETC Group products, the ETP will be physically-backed and the underlying digital assets will be deposited in cold storage custody, in accordance with the index composition and weighting.
Tim Bevan, Co-CEO and Founder of ETC Group, commented, We are very proud to issue this new benchmark ETP. Tracking twenty constituents, this is the first genuine broad market index ETP in this exciting new asset class providing the ideal asset allocation tool to investors.
Bradley Duke, Co-CEO and Founder added, This product signals the evolution of ETC Group's product offering from single asset access products toward products that provide investment management solutions while retaining the same uncompromising standards in quality and investor security.
Stephane Mattatia, Head of Thematic Indexes at MSCI said,
The digital assets ecosystem is evolving rapidly and investor demand for access to this new asset class is growing. MSCI Digital Assets Indexes are developed with a systematic and process-oriented approach to help global investors gain transparency into this long-term, disruptive trend and enable them to make better investment decisions.
The ETC Group MSCI Digital Assets Select 20 ETP can, once listed, be bought and sold like shares or ETFs via the regulated stock exchange. All that is required is a standard securities account with a broker or bank. Liquidity in trading of the ETPs is ensured by authorised participants and market makers.
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: https://bit.ly/etcdisc
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.
