Wisdom Tree Launches Physically Backed Bitcoin and Ether ETP
WisdomTree Investments, a New York-based exchange-traded fund (ETF), and exchange-traded product(ETP) sponsor has launched two cryptos ETPs in the form of physically-backed Bitcoin and Ether ETPs. The two cryptos ETPs were launched on Euronext exchanges.
Jason Guthrie, Head of Digital Assets, Europe, WisdomTree, says: “Listing on Euronext opens up more access points for investors to conveniently allocate to, and trade, both BTCW, and ETHW. Since we launched our digital assets platform in 2019, we have seen a lot of development in the space.
The newly launched crypto products would offer institutional investors to gain Bitcoin and Ether exposure through traditional exchanges. The new products offer Europe’s lowest price physically-backed crypto ETPs.
The demand for crypto-based traditional investment vehicles has surged across the world this bull season as institutions have joined on the Bitcoin bandwagon. Apart from the latest crypto ETPs offering in Europe, many Bitcoin and Ether ETFs have been launched in North America. Purpose Group became the world’s first firm to offer Bitcoin ETF, following which several other asset management firms including Galaxy Digital also launched Bitcoin and Ether ETFs on Canada Stock Exchange.
WisdomTree has filed for Bitcoin ETF in the US as well
The New-York based ETF and ETP sponsor has also filed with the US Securities and Exchange Commission (SEC) to launch a physically-backed Bitcoin ETF in the United States. The SEC is yet to offer any verdict in more than 8 Bitcoin ETF applications pending before the regulatory body. In April SEC postponed its decision on the VanEck ETF proposal by a couple of months.
Many are hopeful that a change in administration in the form of Gary Gensler heading the SEC and looking at the growing demand of Bitcoin and Ether among institutions, the chief regulatory body might approve the first Bitcoin ETF in the US.
- Litecoin Price Jumps, What’s Behind the Sudden Rally? (28 oct)
- Metaplanet Stock Surges 10% on Share Repurchase, Capital Allocation Policy
- AI Meets Smart Routing: Screx Sets a new efficiency Benchmark in DeFi
- Bitwise Solana Staking ETF (BSOL), Canary Litecoin and HBAR ETFs to Launch Today
- Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
- Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?
- Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?
- Bitcoin Price Poised to Break $125k? If President Trump Announces Deal with China on October 30th
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
MEXC