ETC Group lists MSCI Crypto Index Basket ETP on Euronext Paris
Paris/London, 11 January 2024 – ETC Group, a leading European provider of digital asset-backed securities, has announced today the listing of DA20 (ISIN DE000A3G3ZL3), the world’s first and only MSCI benchmarked crypto index ETP, on the Euronext Paris exchange.
Launched together with MSCI in April 2023 on the Deutsche Börse XETRA in Germany, the ETC Group MSCI Digital Assets Select 20 ETP tracks the performance of the MSCI Global Digital Assets Select Top 20 Capped Index. The index, which was developed by MSCI with ETC Group’s input, represents the 20 leading digital assets. These currently include cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Each individual constituent of the index is capped at a maximum of 30 percent. Stablecoins, privacy tokens and meme-coins, are excluded from the index universe.
The exchange-traded security allows both private and institutional investors to diversify their exposure to the crypto market. Similar to all ETC Group crypto ETPs, the ETC Group MSCI Digital Assets Select 20 is fully backed by cryptocurrency and secured against issuer insolvency risk by a trustee. The tokens are securely stored in cold storage by a regulated crypto custodian. Additionally, all transactions undergo independent monitoring by a designated administrator.
DA20 covers approximately 85% of the crypto market
To celebrate the listing, Bradley Duke and Maximilian Monteleone, both co-founders of ETC Group, alongside Leyla Sharifullina, COO of the company, ceremoniously rang the opening bell at the Paris Stock Exchange, symbolically signaling the commencement of DA20’s trading on Euronext Paris
Duke commented, “We are immensely proud to list this benchmark ETP on another market. This product offers an efficient means to passively invest and diversify across the breadth of the crypto asset market through a single, regulated capital market product: DA20 covers approximately 85% of the crypto market, making it the most diversified product available.”
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Notes for Editors
A photo from the bell ringing event at Paris Stock Exchange was attached to this email. If you would like any additional photos or a higher definition image, please ask.
About ETC Group (www.etc-group.com)
ETC Group has been created to provide investors with the tools to access the investment opportunities of the digital assets’ and blockchain ecosystem. The company develops innovative digital asset-backed securities including ETC Group Physical Bitcoin (BTCE) and ETC Group Physical Ethereum (ZETH) which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.
With a track record of over three years, ETC Group is made up of an exceptional team of financial services professionals and entrepreneurs with experience spanning both digital assets and regulated markets. With product quality and safety at the core of our product creation approach, the company aims to continuously launch best-in-class institutional-grade exchange traded products.
As a company, ETC Group has previously launched BTCE – the world’s first centrally cleared Bitcoin exchange traded product on Deutsche Börse XETRA, the largest ETF trading venue in Europe, and also listed DA20, the world’s first crypto ETP tracking an MSCI index signalling a move towards investment management products. DA20 provides broad market exposure to investors by tracking an index of 20 cryptocurrencies which cover 85% of the total crypto market capitalisation.
The product list including all exchange listings and trading information is available at https://etc-group.com/products/. Contact investors@etc-group.com for any product related inquiries.
Trading Information
ETP name | Exchange | Ticker | ISIN | Trading currency | Listing date |
ETC Group MSCI Digital Assets Select 20 ETP |
Euronext Paris | DA20 | DE000A3G3ZL3 | EUR | 11.01.2024 |
ETC Group MSCI Digital Assets Select 20 ETP |
Deutsche Börse XETRA | DA20 | DE000A3G3ZL3 | EUR | 24.04.2023 |
ETC Group MSCI Digital Assets Select 20 ETP |
Deutsche Börse XETRA | DA20 | DE000A3G3ZL3 | USD | 24.04.2023 |
The product list including all exchange listings and trading information is available at https://etc-group.com/products/.
Media Contact:
Alexander Bayliss
E: alexander@finchpr.com
M: 07966659952
Media Pack (Company logo and headshots of key spokespeople of ETC Group)
https://etc-group.com/resources/ETC_Group_Media_Pack_2024.zip
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