Alternative Investments/Digital: ETC Group Unveils Crypto Basket ETP Tracking An MSCI Index
The multi crypto ETP from ETC Group is physically backed in full.
ETC Group, a specialist in crypto ETPs, is launching a new product on Deutsche Börse Xetra that will provide investors with physically backed exposure to a basket of leading digital assets. The ETC Group MSCI Digital Assets Select 20 ETP (DA20 GY) is expected to launch in April and will be the first crypto-linked ETP to be based on an MSCI index.
The ETP will track the MSCI Global Digital Assets Select Top 20 Capped Index, which consists of the 20 largest crypto assets by total market capitalization. However, coins such as stablecoins, privacy tokens, and meme-coins will not be eligible for inclusion. The index is rebalanced on a quarterly basis, and the ETP will be 100% physically backed and deposited in cold storage custody. (ETF Strategy)
The new product is designed to provide investors with broad exposure to the digital assets investment universe through a liquid, regulated vehicle without the technical challenges of setting up private keys or crypto wallets.
Bradley Duke, co-CEO and Founder of ETC Group, stated that this new product marked a significant milestone in the company’s evolution from offering single asset access products to providing investment management solutions. The product maintains the same high standards in quality and investor security that ETC Group is known for.
Related Story: An ETP That Combines Gold And Bitcoin Now Trades On A Swiss Exchange
Image by WorldSpectrum from Pixabay
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