DWS and Galaxy Digital Team Up to Offer Bitcoin and Ethereum ETFs

DWS and Galaxy Digital collaborate to launch cost-effective Exchange Traded Commodities (ETCs) for Bitcoin and Ethereum, enabling seamless integration into investment portfolios. The physically backed ETCs, listed on the Deutsche Börse, are securely stored in offline 'Cold Storage,' providing investors with a transparent and liquid investment option in the digital asset space.

Deutsche Bank Subsidiary DWS Launches Exchange Traded Commodities for Bitcoin and Ethereum in Collaboration with Galaxy Digital

Frankfurt, Germany - April 4, 2024 - DWS, the asset management arm of Deutsche Bank, has partnered with Galaxy Digital, a leading digital asset and blockchain technology company, to launch two physically-backed Exchange Traded Commodities (ETCs) that provide cost-efficient access to Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.

Bridging Traditional Finance and Digital Assets

The introduction of the Xtrackers Galaxy Physical Bitcoin ETC and Xtrackers Galaxy Physical Ethereum ETC marks a significant milestone in the integration of digital assets into traditional financial markets. These ETCs are listed on the Deutsche Börse, one of the world's largest stock exchanges, and offer investors a transparent, liquid, and cost-effective way to participate in the price movements of Bitcoin and Ethereum.

Surge in Digital Asset Adoption

The decision by DWS, an asset manager with over $930 billion in assets under management, to launch digital asset ETCs reflects the growing acceptance and recognition of cryptocurrencies as a legitimate investment class. With a combined market capitalization exceeding $1.7 trillion, Bitcoin and Ethereum have become too significant to ignore for investors seeking diversification and potential returns.

Manfred Bauer, Global Head of Product Division at DWS, stated, "Digital assets have evolved from a technological innovation to a globally recognized class of investment. With a market cap surpassing $1.7 trillion, Bitcoin and Ethereum are too significant to ignore."

Partnership with Galaxy Digital

DWS has partnered with Galaxy Digital to bring these ETCs to market. Galaxy Digital is a leading provider of institutional-grade digital asset services and has extensive experience in the management and custody of cryptocurrencies.

Secure and Transparent Investment

The Xtrackers Galaxy Physical Bitcoin and Ethereum ETCs are physically backed, meaning they are directly backed by actual Bitcoin and Ethereum held in secure offline 'Cold Storage' vaults by cryptocurrency custodians Zodia and Coinbase. This arrangement ensures the security and integrity of the underlying assets.

Cost-Effective Product Fee

The annual product fee for both ETCs is set at a cost-efficient 0.35%. This pricing strategy reflects DWS's commitment to providing investors with an affordable entry point into the digital asset space.

Convergence of Traditional Finance and Digital Currencies

The launch of these ETCs underscores the growing convergence of traditional finance and digital currencies. By offering a secure, transparent, and liquid investment vehicle for Bitcoin and Ethereum, DWS and Galaxy Digital are paving the way for broader acceptance and integration of cryptocurrencies into mainstream investment portfolios.

Enabling Investors to Participate in Digital Asset Market

The introduction of the Xtrackers Galaxy Physical Bitcoin and Ethereum ETCs provides investors with an opportunity to participate in the growing digital asset market in a familiar and cost-effective manner. These ETCs offer investors diversification potential and the ability to access the price movements of Bitcoin and Ethereum through traditional financial markets.