First MSCI index based Crypto ETP launched

ETC Group announces the listing and trading start of the ETC Group MSCI Digital Assets Select 20 ETP on Deutsche Börse Xetra.

The new exchange-traded product tracks the performance of the MSCI Global Digital Assets Top 20 Capped Index and is listed under its primary ticker DA20. The ETP is tradable in EUR and U.S. dollars on Xetra.

Issued in Germany, this is the first time investors can invest in the broad crypto market via an exchange-traded basket product that tracks the top 20 investable digital assets comprising approximately 85% of the crypto market. The three largest positions within the Index are currently Bitcoin (ETC), Ethereum (ETH) and Ripple (XRP).

The index is managed and calculated by MSCI and rebalanced quarterly. At rebalance, the weight of individual components is limited to 30 percent in order to improve diversification. Stablecoins, privacy coins as well as ecosystem tokens, and so-called meme coins are not included in the index.