ETC Group cross-lists multi-crypto ETP on Euronext Paris

Jan 17th, 2024 | By | Category: Alternatives / Multi-Asset

Crypto ETP specialist ETC Group has cross-listed on Euronext Paris its ETP providing broad, physically backed exposure to the digital assets investment universe.

ETC Group cross-lists MSCI multi-crypto ETP on Euronext Paris

Members of ETC Group celebrate the cross-listing of DA20 on Euronext Paris with a bell ringing ceremony.

First introduced on Deutsche Börse Xetra in April 2023, the ETC Group MSCI Digital Assets Select 20 ETP (DA20) tracks the MSCI Global Digital Assets Select Top 20 Capped Index, an index developed by MSCI in collaboration with ETC Group.

The underlying index represents the performance of 20 leading digital assets weighted by market capitalization subject to a cap of 30% per token. Stablecoins, privacy tokens, and meme-coins are ineligible for selection.

The index, which is rebalanced every quarter, covers approximately 85% of the entire crypto market.

DA20 offers investors diversified exposure to the digital assets investment universe through a liquid, regulated vehicle without the technical challenges of setting up private keys or crypto wallets. The ETP is 100% physically backed and the underlying digital assets are deposited in cold storage custody.

DA20 comes with an expense ratio of 1.49%.

Bradley Duke, co-Founder of ETC Group, commented: “We are immensely proud to list this benchmark ETP on another market. This product offers an efficient means to passively invest and diversify across the breadth of the crypto asset market through a single, regulated capital market product: DA20 covers approximately 85% of the crypto market, making it the most diversified product available.”

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