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Deutsche Digital Assets GmbH (DDA) announced the launch of the world’s first Bitcoin macro ETP, a pioneering financial product now trading under the ticker BMAC at Euronext Paris as of September 17, 2024. The ETP offers dynamic exposure to Bitcoin and USDC, skillfully integrating key macroeconomic factors to enhance Bitcoin positioning and risk management, boasting a competitive total expense ratio of 2.00%.
Chief Product Officer of DDA, Dominik Poiger, emphasized the unique nature of BMAC, which unlike typical offerings, is backed 100% by a physical basket of cryptocurrencies secured at Coinbase Custody International Ltd. This strategic move ensures robust, institutional-grade security for investors’ assets.
The listing not only marks a milestone in cryptocurrency financial products but also enables French investors to access a sophisticated, economical tool designed to mitigate risks associated with volatile market conditions. Poiger stated that this innovation underscores their commitment to providing advanced, accessible crypto investment solutions.
