The company’s second crypto ETP after launching BTCW in December 2019
WisdomTree has expanded its ETP (Cryptocurrency Exchange Traded Product) product range with the introduction of an Ethereum strategy, as ETF Stream can show.
The WisdomTree Ethereum ETP (ETHW) is listed on the Deutsche Börse and the SIX Swiss Exchange with a total expense ratio (TER) of 0.95%, the cheapest on the European market.
ETHW offers investors the opportunity to use the price of Ether, the home currency of the Ethereum network, without having to hold the crypto directly, store private access keys or interact with the blockchain or the infrastructure for digital currencies.
The company is also taking a multi-custodian approach after Coinbase was named the second custodian of its crypto ETPs in March.
WisdomTree currently offers a crypto ETP, the WisdomTree Bitcoin ETP (BTCW), which is also the cheapest of its kind on the European market at 0.95% in December 2019.
Jason Guthrie, Head of Capital Markets and Digital Assets at WisdomTree, commented, “With this growing popularity, institutional investors are doing their due diligence on the most liquid cryptocurrencies, and we anticipate the pace of adoption in these countries as an opportunity digital will accelerate Assets become more convincing. “
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Alexis Marinof, Head of Europe at WisdomTree, added: “Since we launched our first ETP for digital assets, interest from institutional investors has grown significantly.
“The asset class is still in its infancy, but 2020 was an important year for the asset class and institutional investors are aware of the potential that digital assets can bring to portfolios as a diversifier.
“With the addition of ETHW to our range, we now have the products and research capabilities to support institutional investors, whether they are making their first digital asset allocations or looking to diversify their exposures.”
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