Digital asset-backed securities provider ETC Group has announced the listing of Europe's first index-based crypto ETP on Germany's Deutsche Börse XETRA in April. The ETP will be based on the MSCI Digital Asset Select 20 ETP and will track the value of 20 "leading digital assets," including Bitcoin, Ethereal, and Solana. The ETP will be physically backed, and the underlying assets will be deposited in cold storage according to the index composition and weighting. Investors with standard securities accounts will be able to buy and sell the product like shares or ETFs once listed. The move is a notable advance for the European crypto industry, as it legitimizes the market for investors from traditional finance.

(By Andjela Radmilac)