Share this article
DWS, Galaxy Digital List Exchange-Traded Commodities Offering BTC, ETH Exposure in Germany
The products, which track the performance of the two largest cryptocurrencies by market value, carry a fee of 0.35% and were listed on the Deutsche Boerse on Thursday.
Updated Apr 5, 2024, 3:53 p.m. Published Apr 5, 2024, 3:51 p.m.
- DWS and Galaxy Digital have listed investment products tracking BTC and ETH on the Deutsche Boerse.
- The two firms teamed up a year ago to develop crypto exchange-traded products (ETPs) for listing in Europe.
Asset manager DWS (DWS) is offering exchange-traded commodities (ETCs) that provide exposure to bitcoin and ether in Germany.
The ETCs, which carry the Frankfurt-based company's Xtrackers branding, were developed in conjunction with digital asset financial services firm Galaxy Digital (GLXY). They were listed on the Deutsche Boerse on Thursday, according to a DWS statement.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The products, the Xtrackers Galaxy Physical Bitcoin ETC and Xtrackers Galaxy Physical Ethereum ETC, track the performance of the two largest cryptocurrencies by market value and carry a fee of 0.35%. That's cheaper than rivals such as 21Shares Bitcoin ETP (ABTC), listed in Switzerland and Germany, which charges 1.49%, and Amsterdam-listed Jacobi FT Wilshire Bitcoin ETF (BCOIN) with 1.5%
While spot crypto exchange-traded products (ETPs) have been available in Europe for several years – CoinShares' Physical Bitcoin ETP, for example, was listed in 2021, and Zurich-based 21Shares says it introduced the world's first physically backed ETP in 2018 – they've come more into focus since the U.S. Securities and Exchange Commission approved a bunch of exchange-traded funds (ETFs) for the world's biggest economy in January. The U.S. funds have attracted a net inflow of about $12 billion in less than three months, according to BitMEX Research.
DWS, which has 896 billion euros ($970 billion) under management, and Galaxy Digital teamed up a year ago to develop exchange-traded products (ETPs) for listing in Europe. Leon Marshall, CEO of Galaxy's European operations, said in a conference appearance last month that such products would be available shortly.
Read More: London Stock Exchange Will Start Market for Bitcoin and Ether ETNs May 28
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Coinbase agrees to buy The Clearing Company to deepen prediction markets push
The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
What to know:
- Coinbase is acquiring The Clearing Company, a startup with experience in prediction markets, to help grow its newly introduced platform.
- The deal brings in a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
- The acquisition is part of Coinbase's plan to become an "Everything Exchange", offering a wide range of trading options, including novel cryptocurrencies, perpetual futures contracts, stocks, and prediction markets.
Top Stories
