Breakthrough: DWS Launches Historic Physical Bitcoin ETC in Germany

In a landmark move, Deutsche Börse has launched the Xtrackers Galaxy Physical BTC ETC, marking the integration of cryptocurrency into mainstream investment portfolios in Germany. This innovative product offers direct exposure to Bitcoin through a secure and transparent exchange-traded framework, with each ETC backed by an equivalent amount of Bitcoin securely stored with industry-leading custodians.

DWS Introduces Groundbreaking Physical Bitcoin Exchange-Traded Commodity in Germany

Deutsche Bank's asset management subsidiary, DWS, has collaborated with Galaxy Digital to launch the Xtrackers Galaxy Physical BTC Exchange-Traded Commodity (ETC) on Deutsche Börse, marking a historic milestone in the integration of cryptocurrency into traditional investment portfolios in Germany.

Direct Exposure to Bitcoin

This ETC is unique in that it is backed by physical Bitcoin, providing investors with direct exposure to the price movements of the world's leading cryptocurrency. The ETC's value is intimately tied to Bitcoin's actual performance in the market, ensuring that investors are invested in the underlying asset itself, rather than a derivative product.

Infrastructure and Security

State Street has been appointed as the Issuing, Paying, and Administration Agent for the ETC, reinforcing the reliability and robustness of the product's infrastructure. MSCI, a leading provider of financial benchmarks, provides reference prices for Bitcoin, further enhancing the ETC's credibility.

Physical Backing and Secure Storage

Each ETC is backed by an equivalent amount of physical Bitcoin, stored on behalf of investors by Zodia Custody and Coinbase, two of the most trusted cryptocurrency custodians in the industry. The Bitcoin is held in secure cold storage, mitigating the risk of online hacking threats.

Cost-Effective Investment

The Xtrackers Galaxy Physical BTC ETC offers an annual fee of 0.35%, making it a cost-effective option for investors seeking Bitcoin exposure. This low fee structure is designed to make Bitcoin accessible to a broader range of investors.

Significance and Implications

The launch of this physical Bitcoin ETC in Germany marks a significant step forward in the mainstream adoption of cryptocurrency. It demonstrates the growing recognition of Bitcoin as an investable asset class, offering investors a convenient and secure way to gain exposure to this innovative technology.

Disclaimer

The information disseminated by Altcoin Buzz is solely for educational, entertainment, and informational purposes. It does not constitute financial advice. Investors should seek independent professional guidance before making any investment decisions, particularly with high-risk investments such as Bitcoin and other cryptocurrencies.