TL;DR
- Nortia, with €12.1B AuM, debuts its first crypto offering with the DDA Bitcoin ETP.
- The DDA Physical Bitcoin ETP (XBTI) is 100% physically backed by BTC and trades on Euronext Paris and Xetra.
- The move facilitates regulated access to Bitcoin for 3,000 independent wealth advisors in France.
It was announced this Tuesday that Nortia will launch its first crypto offering with a Physical Bitcoin ETP for French advisors. In this way, advisors using the platform will gain simplified access to digital asset markets. Deutsche Digital Assets (DDA), a German digital asset manager, listed its flagship product, the Physical Bitcoin ETP for French Financial Advisors (XBTI), on the Nortia marketplace dedicated to independent wealth advisors.
The announcement, made Tuesday from Frankfurt, marks a strategic expansion in access to cryptocurrency investment in France. Nortia works with around 3,000 partners, overseeing approximately €12.1 billion in Assets under Management (AuM).
Through this new listing, advisors can now provide Bitcoin exposure to their clients via a regulated security that already trades on Euronext Paris, Euronext Amsterdam, Deutsche Boerse Xetra, and SIX Swiss Exchange.
Romain Bensoussan, Head of Sales at Deutsche Digital Assets, emphasized that this partnership represents another step toward broader digital asset adoption in France.
Institutional Characteristics of XBTI
The DDA Physical Bitcoin ETP (XBTI) features an institutional-grade structure and carries a competitive Total Expense Ratio (TER) of 0.95%. Generally, the ETP uses a physically replicating structure, meaning it is 100% physically backed by Bitcoin. The underlying BTC is held in cold storage by renowned institutional custodians, such as Coinbase Custody International and BitGo Europe.
These custody solutions are designed to comply with professional standards of security and asset segregation, which is essential for the integration of the Physical Bitcoin ETP for French Financial Advisors into traditional portfolios.
As a primary reference, the product follows the Kaiko Bitcoin Benchmark Reference Rate LDN Fixing, offering transparent pricing based on institutional reference data. The ETP, legally structured as a debt security, allows wealth managers to easily integrate digital assets into their clients’ portfolios.
However, DDA urges investors to carefully assess the risk level, reminding them that cryptocurrency price performance is highly volatile and unpredictable.
Ultimately, the listing of this Physical Bitcoin ETP is a pragmatic adjustment that combines a physically backed structure, institutional custody, and listings on established exchanges for the integration of digital assets.
