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DWS, a leading asset manager boasting over $900 billion in managed assets, has introduced two groundbreaking Xtrackers Exchange-Traded Commodities (ETCs) in collaboration with Galaxy Digital Holdings Ltd. These new offerings are designed to provide investors easy and efficient access to the burgeoning digital asset market, focusing on bitcoin and Ethereum. With the first Bitcoin transaction in 2009 marking the inception of what would become a globally recognized asset class, the combined market capitalization of bitcoin and Ethereum now exceeds USD 1.7 trillion. These developments underscore the growing significance of digital assets in the investment landscape.
The Xtrackers Galaxy Physical Bitcoin ETC and Xtrackers Galaxy Physical Ethereum ETC, now listed on Deutsche Börse, allow for direct investment into the two largest cryptocurrencies by market cap. These ETCs are physically backed, offering investors transparency and security akin to traditional exchange-traded products but with the added innovation of digital assets. DWS’s strategic partnership with Galaxy aims to further digital asset adoption in Europe, leveraging Galaxy’s expertise in digital asset management. With State Street acting as the administration agent and MSCI providing reference prices, the ETCs promise a reliable and cost-effective investment vehicle with an annual fee of just 0.35%.
