Deutsche Digital Assets has launched the DDA Bitcoin Macro ETP, the first-ever intelligent Bitcoin exchange-traded product (ETP) designed to dynamically adjust BTC exposure based on macroeconomic conditions. Starting Wednesday, this innovative product will be available for trading on Deutsche Börse’s Xetra platform. Deutsche Börse or Deutsche Börse Group is a German multinational company that provides markets for the organization of the exchange of shares and other securities.
German Digital Assets launches the world’s first Bitcoin Macro
We are excited to announce the launch of the revolutionary DDA Bitcoin Macro ETP—the world’s first dynamically optimized Bitcoin ETP…
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— Deutsche Digital Assets (@DDA_GmbH)
July 3, 2024
The DDA Bitcoin Macro ETP is fully collateralized by a diversified basket of cryptocurrencies from the Compass FT DDA Bitcoin Macro Allocation Index and is “cold stored” by a regulated custodian. The ETP offers systematic and adaptive Bitcoin (BTC) and USDC exposure, utilizing key macroeconomic factors to optimize Bitcoin risk and manage long-term risk. The ETP adjusts its exposure to Bitcoin based on macroeconomic factors and trades under the ticker code “BMAC,” with a total expense ratio of 2%.
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Marc des Ligniris, Head of Quantitative Strategy at DDA, stated:
We aim to offer a suite of intelligent beta strategies that allow them to access cryptocurrencies while more effectively managing risk over the long term. The first one launched by DDA reduces its risk exposure when the largest macroeconomic factors negatively impact the Bitcoin price.
