DWS and Galaxy Digital launch Bitcoin ETC
DWS, an asset manager with nearly $1 trillion in assets, has partnered with Galaxy Digital Holdings to launch a new exchange-traded commodity (ETC), offering German investors a convenient way to invest in Bitcoin.
Listing and physical coverage
These ETCs, listed on Deutsche Börse, are physically backed by Bitcoin and provide investors with a direct link to the cryptocurrency's price changes.
Partnership for increased Bitcoin acceptance
DWS leverages Galaxy’s expertise in digital assets to increase Bitcoin adoption in Europe.
Collaboration on administration and security
State Street will handle the issuance and payment processes, while MSCI sets the Bitcoin reference prices. The secure, offline storage of the Bitcoins that support the ETCs is guaranteed by the custodians Zodia Custody and Coinbase.
Competitive cost structure
The ETCs have a relatively low annual fee of 0.35%.
The Bitcoin miner for your desk
