Overview
• ETC Group has announced the listing of Europe’s first index-based crypto ETP, based on an index from Morgan Stanley.
• The ETP will be physically backed and track the value of 20 leading digital assets.
• The new product is set to launch on Germany’s Deutsche Börse XETRA in April.
Europe Gets Its First Crypto ETP
ETC Group, a digital asset-backed securities provider, recently announced that it would list Europe’s first index-based crypto exchange-traded product (ETP) based on an index from Morgan Stanley. The new product, called MSCI Digital Asset Select 20 ETP, is scheduled for launch in April on Germany’s Deutsche Börse XETRA.
Composition And Weighting Of The Index
The index tracks the value of 20 digital assets — including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Each constituent is capped at a maximum of 30%. Notably, stable coins, privacy tokens and meme-coins are excluded from the index composition and weighting.
Physical Backing Of Assets In Cold Storage
The underlying assets making up the MSCI Digital Asset Select 20 ETP are stored in cold storage according to the specified composition and weighting. Investors with standard securities accounts will be able to buy and sell this product like shares or ETFs once listed.
Conclusion
Tim Bevan, CEO and founder of ETC Group noted that this was the first genuine broad-market index ETP in the crypto market – making it an ideal asset allocation tool for investors. With its physical backing and top-tier quality assurance provided by Morgan Stanley Capital International, this new product marks a notable advance for European investors looking to access cryptocurrency markets through traditional finance channels.