Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
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

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 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

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Bitcoin in crisis, price soars above $68,000

March 5, 2024

Top analyst warns Solana is flashing bearish signals, updates forecast for Sei and one Dogecoin rival.

February 1, 2024

Is the Santa Rally coming up? Top Crypto Trader Predicts Upside for Dogecoin, PEPE, and One Solana-Based Altcoins

December 2, 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.