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WisdomTree announced the launch of an Ethereum ETP in Europe


A few days ago WisdomTree announced a new Ethereum ETP launched on the SIX and Xetra exchanges.

WisdomTree Investments is a New York-based ETF and ETP asset manager with approximately $ 72.9 billion in assets under management, offering products ranging from stocks, commodities, currencies, and more.

It has recently expanded the range of products it offers by adding a physical ETH-backed ETP.

It is simply called WisdomTree Ethereum ETP (ETHW), and is traded today on the German Xetra and Swiss SIX stock exchanges.

This allows European investors to use a simple, secure and profitable way to gain exposure to the price of Ether, without the need to directly own the cryptocurrency or store private keys.

WisdomTree: ETPs are the future of investing

WisdomTree's Director of Capital Markets and Digital Assets, Jason guthrie, He said:

“The expansion of our range of digital assets is an important milestone and further demonstrates our commitment to providing innovative digital asset solutions for institutional investors. ETHW is the best-in-class ETP, complementing our market-leading bitcoin ETP, and was launched at a time when interest in digital assets is at an all-time high. With this surge in popularity, institutional investors are doing their due diligence on the most liquid cryptocurrencies and we expect the pace of adoption among these to increase as the opportunity in digital assets becomes more compelling. "

In fact, the WisdomTree Bitcoin (BTCW) ETP was previously launched on Börse Xetra, with Coinbase as the second custodian.

The CEO of WisdomTree, Jonathan Steinbergadded:

“Our digital assets initiative reinforces and extends our core business strengths while reflecting what we see as the future of investment management. The latest developments in our digital asset platform position us well for success and reflect our commitment to this evolving asset class that is rapidly becoming a priority for institutional investors globally. ”

ETPs and ETFs that provide exposure to cryptocurrency prices are beginning to proliferate around the world, and the SEC's determination from Preventing them from being launched in US markets is getting weirder and weirder.

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