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DWS launches crypto ETCs in cooperation with Galaxy Digital Holdings
"Learn how DWS first launched Bitcoin and Ethereum ETCs and why they are of great importance to investors. With Galaxy Digital Holdings as a strategic partner!"
DWS launches crypto ETCs in cooperation with Galaxy Digital Holdings
DWS launched its own crypto ETCs for the first time in April. In collaboration with the strategic partner Galaxy Digital Holdings, Germany's largest asset manager presents the two new products: Xtrackers Galaxy Physical Bitcoin ETC and Xtrackers Galaxy Physical Ethereum ETC. Both ETCs directly reflect the performance of Bitcoin and Ethereum and are physically backed by the corresponding digital assets.
Manfred Bauer, Global Head of Product Division at DWS, emphasizes the increasing importance of Bitcoin and Ethereum for investors and asset managers. With a combined market cap of over $1.7 trillion, these cryptocurrencies have become too significant to ignore. By introducing the new ETCs, DWS is giving investors access to these promising digital assets.
The Xtrackers Galaxy Physical Bitcoin ETC and Xtrackers Galaxy Physical Ethereum ETC offer investors the opportunity to participate directly in the performance of Bitcoin and Ethereum without having to hold the digital currency itself. These innovative products open up new opportunities for investors in the cryptocurrency space and underline the increasing acceptance of these digital assets in the traditional financial sector.
The collaboration between DWS and Galaxy Digital Holdings demonstrates both companies' commitment to creating innovative investment opportunities and giving investors access to new markets. The launch of the Bitcoin and Ethereum ETCs marks an important step towards the integration of cryptocurrencies into the traditional financial system and highlights the growing interest in digital assets among institutional investors.