NEW YORK, June 01, 2021 (GLOBE NEWSWIRE) – WisdomTree, an exchange-traded fund (“ETF”) and sponsor of exchange-traded products (“ETP”), has announced that its physically backed bitcoin and ether ETPs are listed on the Euronext stock exchanges in Paris and Amsterdam. WisdomTree Bitcoin (BTCW) and WisdomTree Ethereum (ETHW) each have a total expense ratio of 0.95% and are already listed on Börse Xetra in Germany and SIX, the Swiss stock exchange.
BTCW and ETHW’s listings on the Euronext stock exchanges follow a series of new developments on WisdomTree’s digital asset platform. In April, ETHW was launched on Börse Xetra and SIX. Also in April, BTCW is listed on Börse Xetra. WisdomTree offers the cheapest physical bitcoin and ether ETPs in Europe.
Jason Guthrie, Head of Digital Assets, Europe, WisdomTree, said: “Listing on Euronext opens more access points for investors to easily allocate and trade both BTCW and ETHW. Since we launched our digital asset platform in 2019, we’ve seen a lot of development in the space. This milestone represents the growing acceptance of cryptocurrencies, the changing European regulatory landscape and the latest signal that digital assets are here to stay. The willingness of regulators and exchanges to list cryptocurrency ETPs lends additional credibility to this growing and popular asset class. This development will stimulate institutional investors, trading via Euronext, who were waiting for further signs of acceptance before making their first allocations to digital assets. “
BTCW and ETHW offer investors a simple, secure, and cost-effective way to gain exposure to the most liquid and popular cryptocurrencies, bitcoin and ether. ETPs allow investors to access bitcoin and ether without the need to directly own cryptocurrencies, store private access keys, or interact with blockchain or digital currency infrastructure of any kind. way either. Investors also have access to institutional grade storage solutions without having to configure them themselves with a custodian.
To ensure the highest level of security, WisdomTree relies on regulated institutional-level digital currency custodians, Coinbase and Swissquote, which operate highly secure cold stores.
Alexis Marinof, Head of Europe, WisdomTree, added: “Our commitment to support investors in their journey to digital assets is reinforced by the listings of BTCW and ETHW on Euronext. We’ve built a top-notch digital asset platform made up of the most investor-friendly bitcoin and ether ETPs. Our heritage provides a level of comfort and expertise that investors are unable to obtain from other physically backed cryptocurrency ETP providers. This translates into a market leading product, from price to unmatched product structure. “
WisdomTree’s Digital Asset Product Line1 has over $ 235 million2 in assets under management.
Jonathan Steinberg, CEO of WisdomTree, concluded: “We know that digital assets and blockchain are a priority for our customers and we want to help them understand and navigate the space. Accessibility has been a challenge for many investors, but as another important exchange facilitates access, opportunities continue to open up for investors and barriers to adoption diminish.
WisdomTree digital asset ETPs (BTCW and ETHW) are Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Spain and Sweden.
|Bitcoin wisdom tree||0.95%||Euronext
|Bitcoin wisdom tree||0.95%||Euronext
|Ethereum Wisdom Tree||0.95%||Euronext
Find out more: https://www.wisdomtree.eu/en-gb/strategies/crypto-currency
For more information, please contact:
Jessica Zaloom, Head of Corporate Communications and Public Relations, +1 917 267 3735 / JZaloom@wisdomtree.com
Arran Fano, Public Relations and Communications, +44 20 7448 4336 / AFano@WisdomTree.com
About the tree of wisdom
WisdomTree Investments, Inc., through its subsidiaries in the United States and Europe (collectively, “WisdomTree”), is a sponsor and asset manager of exchange-traded funds (“ETF”) and products. Exchange Traded (“ETP”) headquartered in New York. WisdomTree offers products spanning stocks, commodities, fixed income, leveraged and inverse securities, currencies, cryptocurrencies, and alternative strategies. WisdomTree currently has approximately $ 74.9 billion in assets under management worldwide.
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The product presented in this document is an unregulated ETP, approved to trade on SIX Swiss Exchange in Switzerland and Deutsche Börse Xetra in Germany. Cryptocurrencies are a high risk investment and may not be suitable for all types of investors. Prospective investors should be aware that the price of the underlying assets by which the securities are guaranteed may exhibit higher volatility than other asset classes and that, therefore, the value of the securities may be extremely volatile. You need to ensure that the nature, complexity, and risks associated with cryptocurrencies are appropriate for your goals given your circumstances and financial circumstances.
1 Composed of WisdomTree Bitcoin and WisdomTree Ethereum
2 As of May 27, 2021