WisdomTree Launches ETP Based on CoinDesk 20
WisdomTree's new product offers exposure to the largest digital assets
- WisdomTree's Physical CoinDesk 20 ETP (WCRP) offers exposure to the digital assets listed on the CoinDesk 20.
- WCRP is listed on Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam.
HONG KONG – Investors in Europe can now get direct exposure to the CoinDesk 20, an index representing the largest crypto assets, thanks to a new exchange-traded product (ETP) from WisdomTree launched at Consensus Hong Kong.
“The launch of the first CoinDesk 20 ETP with WisdomTree is a defining moment for digital asset investing in Europe," Alan Campbell, President of CoinDesk Indices, said in a release. "The CoinDesk 20 provides institutional investors with a streamlined way to access the largest digital assets beyond Bitcoin."
WisdomTree's Physical CoinDesk 20 ETP (WCRP) offers exposure to the digital assets listed on the CoinDesk 20, in a similar way to other ETPs that offer exposure to traditional finance's S&P 500 or the NASDAQ.
WCRP is listed on Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam.
Additionally, WCRP generates a staking yield, allowing investors to benefit from rewards earned by helping secure the underlying blockchain networks.
The CoinDesk 20 Index, launched in January 2024, has quickly become a key benchmark for digital asset investors, with over $14 billion in trading volume in its first year.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
