Deutsche Digital Assets (DDA), a German crypto and digital asset manager, has announced the expansion of its crypto ETP offerings with the launch of the DDA Crypto Select 10 ETP. This marks the company’s first multi-asset crypto ETP and provides exposure to the ten largest crypto assets by market capitalization.
The ETP will be listed on Deutsche Börse Xetra in the upcoming weeks, and it is 100% physically backed by a basket of cryptocurrencies composing the MarketVector® Digital Assets Max 10 VWAP Close Index (MVDAMV) and held in an institutional-grade custody solution with Aplo SAS. Investors can gain exposure to the cryptocurrency market in a cost-effective manner, with the ETP’s total expense ratio of 1.69%.
Furthermore, the DDA Crypto Select 10 ETP provides investors with a diversification opportunity through a single investment, which is crucial for portfolio risk management. Additionally, this ETP enables investors to benefit from lending and staking rewards.