Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»$900B DWS Launches Physical Bitcoin ETC in Germany
BITCOIN NEWS

$900B DWS Launches Physical Bitcoin ETC in Germany

By Crypto FlexsApril 5, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
0B DWS Launches Physical Bitcoin ETC in Germany
Share
Facebook Twitter LinkedIn Pinterest Email

DWS, a prominent asset manager with over $900 billion in assets under management, has teamed up with Galaxy Digital Holdings Ltd. to launch the new Xtrackers Exchange-Traded Commodities (ETC), giving investors convenient access to Bitcoin exposure in Germany. I made sure to do so.

JUST IN: $932 billion asset manager DWS launches physical product. #Bitcoin ETC in Germany 🇩🇪 pic.twitter.com/e6RvMLidHY

— Bitcoin Magazine (@BitcoinMagazine) April 4, 2024

“Since the first Bitcoin transaction in 2009, digital assets have evolved from a niche technological innovation to a globally recognized asset class,” said Manfred Bauer, Global Head of Products at DWS and Member of the Board of Directors of the DWS Group. “With a combined market capitalization of over $1.7 trillion, Bitcoin and Ethereum alone are now too important for investors and asset managers to ignore.”

Xtrackers Galaxy Physical Bitcoin ETC is now listed on Deutsche Börse, allowing investors to participate directly in the Bitcoin market with the security and transparency of an exchange-traded product. ETC is physically backed by BTC, giving investors direct exposure to Bitcoin price fluctuations.

DWS said it has formed a strategic partnership with Galaxy to drive Bitcoin adoption in Europe, leveraging Galaxy’s expertise in digital asset products and services. “We are excited to partner with Xtrackers to provide investors with institutional-level access to digital assets and support them with deep digital asset expertise,” said Steve Kurz, Global Head of Wealth Management at Galaxy.

State Street officially announced that MSCI will act as the issuing and paying agent and managing agent for these ETCs, providing reference prices for Bitcoin. ETC is physically backed 1:1 and stored securely in offline storage accounts utilizing cryptocurrency custodians Zodia Custody and Coinbase. ETC also boasts a product fee of 0.35% per year.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025
Most Popular

Could Ethereum price widen losses and send Bears to $3,200?

March 19, 2024

Bitfinex Alpha | BTC is tied to stocks, but alts are outperforming

September 9, 2024

Crypto Twitter This Week: SBF Repacks, Yuga Labs Reset, Elon Musk’s Xmail Could Challenge Gmail

February 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.