NxtAssets Bitcoin Direct Fund

The NxtAssets Bitcoin Direct Fund is a physically backed exchange-traded note (ETN) that provides investors with direct exposure to the performance of Bitcoin. Designed to closely track the value of the underlying cryptocurrency, this ETN is 100% collateralized by actual Bitcoin holdings, ensuring that each note issued is fully supported by tangible assets. The fund’s assets are held securely, allowing for centralized clearing and reducing counterparty and settlement risks for investors. Launched in December 2024 and domiciled in Germany, the NxtAssets Bitcoin Direct Fund offers an accumulating structure, meaning that any associated returns are reinvested rather than distributed. The product is denominated in euros and is unhedged against currency fluctuations, making its value sensitive to both Bitcoin’s price movements and EUR/USD exchange rate changes. The fund charges a total expense ratio of 1.00% per annum and is intended for investors seeking straightforward, regulated market access to Bitcoin without the complexities of direct cryptocurrency ownership. Its presence contributes to the growing segment of regulated crypto ETNs in European financial markets, catering to both private and institutional investors looking for efficient ways to participate in the digital asset space.