On Thursday, the world’s second largest cryptocurrency by market cap, Ethereum surged in an indomitable bull rally. At press time, the coin was trading at a new all-time high of $2,760, a 2.89% gain in the last 24 hours. ETH currently has a market cap of $320 billion.
Asset Manager WisdomTree Lists Ethereum ETP
The price surge comes after one of the world’s biggest asset managers WisdomTree listed its new Ethereum ETP on Deutsche Borse’s Xetra market in Frankfurt and the Swiss Stock Exchange in Zurich.
The WisdomTree Ethereum ETP (ETHW) is currently the cheapest available Ethereum-derivative product in Europe with an expense ratio of just 0.95%. The ETHW will allow investors to gain exposure to Ether without actually holding the cryptocurrency. Besides, WisdomTree will be working along with multiple custodian solution providers to hold the digital asset. Speaking of this new development, Jason Guthrie, head of capital markets and digital assets at WisdomTree, said:
“With this increase in