First MSCI index based Crypto ETP launched by ETC Group starts trading on XETRA
- ETC Group MSCI Digital Assets Select 20 ETP (DA20) tracks performance of the top 20 digital assets, comprising around 85% of the crypto market.
- Investors can now passively diversify into the crypto asset market with just one ETP.
Frankfurt, April 24th 2023 – ETC Group announces the listing and trading start of the ETC Group MSCI Digital Assets Select 20 ETP (ISIN DE000A3G3ZL3, WKN A3G3ZL) on Deutsche Börse Xetra. 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 ETP is tradable in EUR and U.S. dollars on Xetra.
Issued in Germany, 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 three largest positions within the Index are currently Bitcoin (ETC), Ethereum (ETH) and Ripple (XRP). The index is managed and calculated by MSCI and rebalanced quarterly. At rebalance, the weight of individual components is limited to 30 percent in order to improve diversification. Stablecoins, privacy coins as well as ecosystem tokens, and so-called meme coins are not included in the index.
The index methodology is publicly available at <Link Index Methodology>
Investors can trade the new ETP like shares or ETFs via their regular securities account at online brokers and banks that offer trading on Xetra and trading in crypto ETPs. Like all ETC Group products, the ETC Group MSCI Digital Assets Select 20 is fully backed by the underlying digital assets and issuer default risk is minimised via an independent trustee. The digital assets backing the ETP are safely and professionally kept in cold storage by a regulated custodian. All transactions are additionally monitored independently by a dedicated administrator.
The product offers an efficient way to passively diversify into the crypto market via a regulated financial product.
 Excluding stablecoins such as USDT, USDC, and other.