Deutsche Digital Assets launches the world's first Bitcoin macro ETP

Deutsche Digital Assets GmbH (DDA) has launched the world’s first Bitcoin macro ETP. The new security will be listed today on the Euronext Paris stock exchange.

Bitcoin macro ETP: today the official launch of the world’s first by Deutsche Digital Assets (DDA)

The Deutsche Digital Assets GmbH (DDA), a German digital asset manager, has announced the launch of its new Bitcoin macro ETP, becoming the first in the world to do so.

“The revolutionary ETP DDA Bitcoin Macro is now listed and begins trading on @Euronext Paris on September 17, 2024,”

stated Dominik Poiger, CFA, Chief Product Officer of DDA.

In practice, the new Bitcoin macro ETP, under the ticker BMAC, will be listed today, September 17, on the exchange Euronext Paris.

Specifically, BMAC offers investors dynamic and systematic exposure to Bitcoin and USDC, using the main macroeconomic factors to optimize exposure to Bitcoin and improve long-term risk management, with a total expense ratio of 2.00%.

How does the BMAC of Deutsche Digital Assets (DDA) work?

According to reports, the new BMAC tracks the Compass FT DDA Bitcoin Macro Allocation index (“Indice DDAMACRO”).

Not only that, the new BMAC by Deutsche Digital Assets is 100% physically backed by a basket of cryptocurrencies that make up the Compass FT DDA Bitcoin Macro Allocation index (“DDAMACRO”) and is held in an institutional-grade custody solution at Coinbase Custody International Ltd.

On this subject, Dominik Poiger, CFA, Chief Product Officer of DDA, said:

“With the listing on Euronext Paris, French investors can now invest in an even more economical and simple way in the only macro ETP on Bitcoin: the DDA Bitcoin macro ETP. The Bitcoin Macro ETP represents a truly unique product that is not simply another cryptocurrency wrapped in an ETP, but offers investors exposure to Bitcoin while trying to protect against adverse macro contexts.”

The price of BTC and forecasts for Q4 2024

At the time of writing, BTC is worth $58,713, right in the middle of the price range it has been living in for the past month.

And indeed, in the last thirty days, the price of BTC has fluctuated between lows of $52,000 and highs of $64,000.

Recently, new price predictions for Q4 2024 have emerged, which is the last quarter of the current halving year.

In practice, following historical data and other hypotheses, such as the revenue of miners, it seems that there could be a bullish trend. Indeed, some argue that the price of BTC will reach $100,000.