Bittime - DWS Group (DWS) which manages nearly €900 billion in assets, has partnered with Galaxy Digital Holdings Ltd. to introduce two new Xtrackers ETCs: Xtrackers Galaxy Physical Bitcoin ETC securities and Xtrackers Galaxy Physical Ethereum ETC securities. The new ETC was listed on Deutsche Börse today, as DWS shared in a recent press release.
Increased Engagement in Digital Assets
According to Manfred Bauer, Global Head of DWS Product Division and Member of the DWS Group Executive Board, the increasing value of Bitcoin and Ethereum makes it impossible for investors and financial institutions to simply ignore them. With this launch, DWS seeks to provide investors with direct access to Bitcoin and Ethereum.
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Additional Protection for Investors
Exchange-traded commodities (ETCs) serve as debt collateral similar to exchange-traded debt securities (ETNs) but with additional protections for investors. This protection includes warranties, limited warranties, and bankruptcy remote issuers. Unlike ETNs, ETCs can track a single asset or a smaller, focused set of assets.
Also Read How to Buy Crypto:
Strategic Partnerships to Accelerate Digital Asset Adoption
The strategic partnership between DWS and Galaxy aims to accelerate the adoption of digital assets in Europe, leveraging their collective expertise, DWS said. Through this collaboration, Galaxy will equip DWS with the tools and expertise to offer institutional-level access to digital assets for European investors.
Guaranteed Digital Asset Security
As stated in the press release, each ETC is backed by a separate offline storage solution provided by Zodia Custody and Coinbase, ensuring the security of digital assets.
With an annual product fee of just 0.35%, DWS hopes this ETC will be a cost-effective option for investors looking to enter the digital asset market. The company claims that its new product will offer the convenience of trading ETPs with the security of owning the underlying physical assets.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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