DWS, a German asset management company that is part of Deutsche Bank and has $933 billion in assets under management, has launched Bitcoin and Ethereum ETPs (exchange-traded product).

These products, which will facilitate investment in Bitcoin and Ethereum, have been listed on the Frankfurt Stock Exchange as of today.

Manfred Bauer, DWS Global Product Manager and DWS Group Board Member, said: “Since the first Bitcoin transaction in 2009, digital assets have developed from a niche technology innovation to a globally recognized asset class. With a combined market capitalisation of more than USD 1.7 trillion, bitcoin and Ethereum alone are now too significant for investors and asset managers to ignore.”

Zodia Custody and Coinbase will provide custody services for the products, which will be supported 1:1 with Bitcoin and Ether.