DWS, the asset-management arm of Deutsche Bank, will in the coming months launch cryptocurrency-based exchange-traded funds. Bloomberg reports.<\/p>\n
In April, DWS agreed<\/a> with Galaxy Digital to develop a ETF<\/a> lineup for the European market.<\/p>\n In an interview, DWS’s global head of investments, Bjorn Jesch, noted that among fund managers there are skeptics who still believe that the value of cryptocurrencies is zero. But there is now a group that sees Bitcoin trading around $35 000<\/a>.<\/p>\n Bloomberg notes that such divergence underscores the fragile balance facing giants of global finance amid a rally in the price of digital gold, driven by optimism about the prospects for US regulator approval of ETFs.<\/p>\n Currently, interest in launching the product has also been expressed by BlackRock<\/a> Inc. and Fidelity Investments<\/a>, journalists noted.<\/p>\n In addition to developing crypto ETFs for retail investors, DWS has an expanded mandate to purchase digital assets.<\/p>\n Inflows into crypto investment products from 21 to 27 October totaled $326 million \u2014 the highest since July 2022, according to CoinShares<\/a>.<\/p>\n Earlier, Matrixport analysts forecast growth of digital gold as a result of Bitcoin ETF approval to $42,000-56,000<\/a>. CryptoQuant saw figures of $50,000-73,000<\/a>.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" DWS, the asset-management arm of Deutsche Bank, will launch cryptocurrency-based exchange-traded funds in the coming months.<\/p>\n","protected":false},"author":1,"featured_media":86550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1491,1211],"class_list":["post-86549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-deutsche-bank","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86549"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86549\/revisions"}],"predecessor-version":[{"id":86551,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86549\/revisions\/86551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86550"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}