ETC Group has announced the launch of the ETC Group MSCI Digital Assets Select 20 ETP, which is now trading on Deutsche Börse Xetra. This is the first time investors can invest in the broad crypto market via an exchange-traded basket product that tracks the top 20 investable digital assets comprising approximately 85% of the crypto market. The new exchange-traded product tracks the performance of the MSCI Global Digital Assets Top 20 Capped Index and is listed under its primary ticker DA20. The index is managed and calculated by MSCI and rebalanced quarterly. The ETP is fully backed by the underlying digital assets and issuer default risk is minimized via an independent trustee. The digital assets backing the ETP are safely and professionally kept in cold storage by a regulated custodian.
ETF Newz Says:
Investors should note that cryptocurrencies are highly volatile, and their capital is at risk.
