{"id":79461,"date":"2024-04-04T19:03:24","date_gmt":"2024-04-04T19:03:24","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2024\/04\/04\/900-billion-dws-launches-physical-bitcoin-etc-in-germany\/"},"modified":"2024-04-04T19:03:24","modified_gmt":"2024-04-04T19:03:24","slug":"900-billion-dws-launches-physical-bitcoin-etc-in-germany","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2024\/04\/04\/900-billion-dws-launches-physical-bitcoin-etc-in-germany\/","title":{"rendered":"$900 Billion DWS Launches Physical Bitcoin ETC In Germany"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA1NTAzNTI1MjczMjE2MjA1\/default_bitcoins_on_the_german_stock_exchange_and_german_flag_0.jpg\" \/><\/p>\n<p>DWS, a prominent asset manager with over $900 billion in assets under management, has <a href=\"https:\/\/etf.dws.com\/en-ch\/about-us\/pressemitteilungen\/dws-launches-new-xtrackers-etcs-providing-easy-access-to-bitcoin-and-ethereum\/\">launched<\/a>\u00a0new Xtrackers Exchange-Traded Commodities (ETC) in collaboration with Galaxy Digital Holdings Ltd., offering investors convenient access to bitcoin exposure in Germany.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: $932 Billion asset manager DWS launches physical <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETC in Germany \ud83c\udde9\ud83c\uddea <a href=\"https:\/\/t.co\/e6RvMLidHY\">pic.twitter.com\/e6RvMLidHY<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1775906056868163774?ref_src=twsrc%5Etfw\">April 4, 2024<\/a><\/p><\/blockquote>\n<p>&#8220;Since the first Bitcoin transaction in 2009, digital assets have developed from a niche technology innovation to a globally recognized asset class,&#8221; said Manfred Bauer, Global Head of DWS\u2019 Product Division and Member of the Executive Board at DWS Group. &#8220;With a combined market capitalization of more than USD 1.7 trillion, bitcoin and ethereum alone are now too significant for investors and asset managers to ignore.&#8221;<\/p>\n<p>The <a href=\"https:\/\/www.bloomberg.com\/quote\/XXBU:GR\">Xtrackers Galaxy Physical Bitcoin ETC<\/a>\u00a0is now listed on Deutsche B\u00f6rse, allowing investors to participate directly in the Bitcoin market with the security and transparency of exchange-traded products. The ETCs are physically backed by BTC, ensuring that investors have direct exposure to bitcoin&#8217;s price movements.<\/p>\n<p>DWS stated it has strategically partnered with Galaxy to promote Bitcoin adoption in Europe, leveraging Galaxy&#8217;s expertise in digital asset products and services.\u00a0&#8220;We are delighted to be working with Xtrackers to offer investors institutional-grade access to digital assets and to support them with our deep digital asset expertise,&#8221; commented Steve Kurz, Global Head of Asset Management at Galaxy.<\/p>\n<p>State Street will serve as the Issuing and Paying Agent and Administration Agent for these ETCs, with MSCI providing reference prices for bitcoin, stated the official announcement. The ETCs are 1:1 physically backed and utilize cryptocurrency custodians Zodia Custody and Coinbase for secure storage in offline custody accounts. The ETCs will also boast an annual product fee of 0.35%.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/markets\/900-billion-dws-launches-physical-bitcoin-etc-in-germany\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DWS, a prominent asset manager with over $900 billion in assets under management, has launched\u00a0new Xtrackers Exchange-Traded Commodities (ETC) in collaboration with Galaxy Digital Holdings<\/p>\n","protected":false},"author":1,"featured_media":79462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-79461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/79461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=79461"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/79461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/79462"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=79461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=79461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=79461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}