German Digital Assets Launches Worlds First Smart Bitcoin ETP

Deutsche Digital Assets has launched the DDA Bitcoin Macro ETP, the world’s first smart Bitcoin exchange-traded product (ETP) designed to dynamically adjust BTC exposure based on macroeconomic conditions.
Starting Wednesday, this innovative product will be tradable on the Deutsche Börse’s Xetra platform. Deutsche Börse or Deutsche Börse Group is a German multinational company providing markets for organizing the trading 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 backed by a diversified basket of cryptocurrencies within the Compass FT DDA Bitcoin Macro Allocation Index, and is safeguarded by the “Kühlhaus” regulated custodian.
This ETP offers systematic and adaptive Bitcoin exposure (BTC) and USDC, utilizing key macroeconomic factors to optimize Bitcoin risk and manage long-term risk.
The ETP adjusts its Bitcoin exposure based on macroeconomic factors and is traded under the ticker “BMAC” with a total expense ratio of 2%.
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DDA’s Head of Quant Strategies, Marc des Ligniris, stated:
We aim to provide a series of smart beta strategies that allow them to access cryptocurrencies while managing long-term risk more effectively. The first of these is launched by DDA, which can reduce its risk exposure when major macroeconomic factors negatively impact Bitcoin prices.