DWS Group (DWS), a leading asset management firm with nearly €900 billion under management, has made an impactful stride into the digital asset space.

In partnership with Galaxy Digital Holdings Ltd., DWS announced the launch of two new exchange-traded commodities (ETCs): the Xtrackers Galaxy Physical Bitcoin ETC and the Xtrackers Galaxy Physical Ethereum ETC. These products were listed on Deutsche Börse, highlighting a significant move to embrace the growing digital asset market.

A New Era for Investors

Manfred Bauer, Global Head of DWS' Product Division, emphasized the burgeoning value of Bitcoin and Ethereum. "Since the first Bitcoin transaction in 2009, digital assets have developed from a niche technology innovation to a globally recognized asset class," Bauer stated.

This launch is aimed at providing investors with direct access to two of the most significant digital currencies, acknowledging their growing importance in the global financial landscape.

Strategic Partnership for Digital Asset Adoption

The collaboration between DWS and Galaxy Digital is set to boost digital asset adoption in Europe. With Galaxy providing the necessary expertise and tools, the partnership is poised to offer European investors institutional-grade access to digital assets.

"We are delighted to be working with Xtrackers to offer investors institutional-grade access to digital assets," said Steve Kurz, Global Head of Asset Management at Galaxy, underlining the strategic nature of this alliance.

"With a combined market capitalization of more than USD 1.7 trillion, Bitcoin and Ethereum alone are now too significant for investors and asset managers to ignore," stated Bauer.

Ensuring Safekeeping of Digital Assets

To guarantee the security of the digital assets underlying the ETCs, Coinbase and Zodia Custody have been appointed as custodians. This ensures that each ETC is backed by segregated offline storage solutions, providing peace of mind for investors concerned about the safety of their digital assets.

An Attractive Investment Option

With an annual product fee of just 0.35%, these new ETCs from DWS offer a cost-effective way for investors to gain exposure to the digital asset market.

The firm aims to combine the ease of trading an exchange-traded product (ETP) with the security of having an underlying physical asset, presenting a compelling option for those looking to dive into the world of digital currencies.