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WisdomTree Lists 3 Crypto Basket ETPs in Europe

The funds are passported for sale across 12 European Union countries plus Norway and Switzerland.

Автор Jamie Crawley
Оновлено 11 трав. 2023 р., 4:04 пп Опубліковано 29 лист. 2021 р., 10:37 дп 1 min readПерекладено AI
SIX Swiss Exchange is based in Zurich.
SIX Swiss Exchange is based in Zurich.

Asset manager WisdomTree has listed a trio of crypto basket exchange-traded products (ETPs) on Swiss stock exchange SIX and Frankfurt-based Börse Xetra.

  • The ETPs, which track proprietary indices developed by WisdomTree, are the WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight (MEGA).
  • BLOC offers exposure to the most established crypto assets, which represent around 70% of the cryptocurrency market cap, such as bitcoin, ether, bitcoin cash and litecoin. To avoid overexposure to bitcoin and ether, however, the combined allocation to the two is capped at 75%.
  • WALT is focused on altcoins such as cardano, bitcoin cash, litecoin, polkadot and solana. It excludes bitcoin and ether.
  • MEGA, conversely, focuses solely on bitcoin and ether as the market’s two “mega-cap” assets.
  • The funds are passported for sale across 12 European Union countries plus Norway and Switzerland.

Read more: Swiss Stock Exchange Gets Regulatory Nod to Launch Digital Asset Exchange

ETPsDeutsche BoerseSIXWisdomTreeEurope

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