WisdomTree Launches Europe’s First Staked Ether ETP, LIST

2 mins mins

In Brief

WisdomTree launches Europe’s first Lido staked Ether ETP (LIST).
ETP offers institutional access to Ethereum staking rewards.
LIST trades on major European exchanges, starting with $50M in assets.

WisdomTree has introduced the WisdomTree Physical Lido Staked Ether ETP (LIST), the first European exchange-traded product (ETP) entirely backed by stETH. The product became available on December 4, 2025, and provides investors with exposure to Ethereum’s staking rewards through a regulated investment vehicle.

The ETP is now listed on multiple European exchanges, including Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext in Paris and Amsterdam.

A new way to access Ethereum’s yield economy

Introducing the WisdomTree Physical Lido Staked Ether ETP (LIST/LSTE), the world’s first physically backed ETP providing exposure to the spot price of Lido Staked Ether and its staking rewards.

As Ethereum evolves into a… pic.twitter.com/7G8FJUSN0R
— WisdomTree in Europe (@WisdomTreeEU) December 4, 2025

LIST holds stETH, a liquid staking token issued by the Lido protocol that represents staked Ethereum. Unlike traditional products, LIST does not rely on a non-staking buffer for creation or redemption, ensuring each unit corresponds directly to the underlying stETH.

The product launched with approximately $50 million in assets under management and carries a 0.50% management fee.

Lido’s Liquid Staking Gains Institutional Support

The stETH token represents a large portion of staked Ethereum, with Lido accounting for nearly 25% of the total. Lido’s staking protocol enables users to earn staking rewards without facing traditional lock-up periods or withdrawal delays.

The deep liquidity of stETH, used across decentralized finance (DeFi) platforms and supported by centralized venues, makes it a reliable asset for institutional investors.

Kean Gilbert, Head of Institutional Relations at Lido Ecosystem Foundation, emphasized that stETH has become a key asset for institutions to access Ethereum’s staking economy.

WisdomTree’s introduction of the fully backed ETP builds on Ethereum’s transition to a yield-bearing network and aims to integrate staked Ether into institutional workflows.

As Ethereum continues to evolve, products like the WisdomTree Physical Lido Staked Ether ETP signal growing institutional interest in staking rewards.

This development also underscores the integration of decentralized finance within regulated financial infrastructure, further bridging the gap between crypto assets and traditional markets.

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