Deutsche Digital Assets launched a new physically-backed crypto ETP with big-name participants, including Jane Street, Flow Traders, DRW Europe, Bluefin Europe, and Goldenberg Hehmeyer. The DDA Crypto Select 10 ETP, trading by ticker symbol SLCT, is the company’s first multi-asset tradeable product and will list on Deutsche Börse Xetra in the coming weeks, according to a company statement. It will track MarketVector’s market cap-weighted crypto index that was released on May 15, 2023.
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Deutsche Digital Assets launches physically backed multi-asset crypto ETP on German exchange
Dominik Poiger, Chief Product Officer of Deutsche Digital Assets, said the company chose to use a market-cap weighted index for its product to give investors “true” exposure to the crypto market.
