WisdomTree Lists Physical Bitcoin and Ethereum ETPs on London Stock Exchange!
Key Points:
- WisdomTree launches Physical Bitcoin (BTCW) and Ethereum (ETHW) ETPs on the London Stock Exchange, exclusively for professional investors.
- These ETPs feature a management expense ratio of 0.35%, one of the lowest in the market, providing a cost-effective option for institutional-grade crypto investments.
- Both ETPs are fully backed by their respective cryptocurrencies, ensuring transparent and secure exposure to Bitcoin and Ethereum.
WisdomTree announced the listing of two new cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE).
The new offerings, WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW), aim to provide professional investors with direct exposure to Bitcoin and Ethereum.
These ETPs are notable for their competitive management expense ratio (MER) of 0.35%, positioning them among the lowest-cost institutional-grade Bitcoin and Ethereum ETPs available in the market. Each ETP is fully backed by the underlying cryptocurrency assets, ensuring that the value of the ETPs accurately reflects the value of Bitcoin and Ethereum holdings.
Cost-Effective and Secure Crypto Exposure
As one of the first issuers approved to list cryptocurrency ETPs on the LSE, WisdomTree is pioneering in providing institutional investors with regulated and secure access to the rapidly growing digital asset space. The company has structured these ETPs to meet the stringent requirements of professional investors, who have been increasingly seeking efficient and secure ways to gain exposure to cryptocurrencies within a traditional financial framework.
Jason Guthrie, Head of Digital Assets at WisdomTree, highlighted the importance of this development: “Listing on the LSE marks a significant milestone for us and the broader cryptocurrency market. We are committed to providing investors with innovative and cost-effective solutions that help them navigate and benefit from the digital asset revolution.”
The launch of BTCW and ETHW on the LSE comes at a time when institutional interest in cryptocurrencies is soaring. With the growing acceptance of digital assets, these ETPs offer a new avenue for professional investors to diversify their portfolios and participate in the potential upside of Bitcoin and Ethereum, all while leveraging the security and familiarity of a regulated exchange.
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