Deutsche Digital Assets, the Germany-based digital asset manager, announced that it will cooperate with other European companies to launch a physically backed cryptocurrency fund.
The new crypto fund jointly created by Deutsche Digital, DRW Europe, Jane Street and Goldenberg Hehmeyer has been named DDA Crypto Select 10 ETP. The new digital investment product made company history as Deutsche Digital's first multi-asset fund. Company officials stated that the mutual fund with the SLCT code will store physical crypto collateral with the assurance of Aplo.
Which Cryptocurrencies Are In The Fund?
Crypto investment fund called DDA Crypto Select 10 ETP includes Bitcoin and many altcoins. According to the information reflected in the press, the weight of Bitcoin (BTC) in the fund will be 61%, the share of Ethereum (ETH) will be 26.50% and Binance Coin (BNB) will be 5.80%.
The remaining minimal investment shares belong to altcoins such as Polygon, Solana, Tron, Litecoin, Cardano and Polkadot.
Officials have promised that the mutual fund will be rebalanced quarterly to match crypto prices in the spot market. The fund, which will be listed on Germany-based stock exchange Deutsche Börse Xetra, will demand a 1.69% expense cut from investors.
