A few days ago WisdomTree announced a new ETP on Ethereum launched on the SIX and Xetra exchanges.
WisdomTree Investments is a New York-based asset manager of ETFs and ETPs with approximately $ 72.9 billion in assets under management, offering products covering stocks, commodities, currencies and more.
It has recently expanded the range of products offered by adding an ETP backed by physical ETH.
It is simply called WisdomTree Ethereum ETP (ETHW) , and is listed today on the German Xetra and Swiss SIX exchanges.
In this way, European investors can use a simple, safe and cheap way to gain exposure to the price of Ether, without the need to directly hold the cryptocurrency, or keep the private keys.
WisdomTree: ETPs the future of investing
WisdomTree Head of Capital Markets and Digital Assets Jason Guthrie said:
“The expansion of our range of digital assets is a significant milestone and further demonstrates our commitment to providing innovative digital asset solutions for institutional investors. ETHW is a best-in-class ETP, adding to our market-leading bitcoin ETP and launched at a time when interest in digital assets is at its peak. With this rise in popularity, institutional investors are doing their due diligence on more liquid cryptocurrencies, and we expect the pace of adoption of these to increase as opportunities in digital assets become more compelling. “
In fact, the ETP WisdomTree Bitcoin (BTCW) had already been launched previously, on Börse Xetra and with Coinbase as the second custodian.
WisdomTree CEO Jonathan Steinberg added:
“Our digital assets initiative strengthens and expands our core business strengths, 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 fast becoming a priority for institutional investors globally. “
By now there are many ETPs and ETFs around the world that allow you to get exposure on cryptocurrency prices, so much so that the SEC ‘s obstinacy to prevent them from being launched on US markets is increasingly strange .