New York-based exchange-traded product sponsor and asset manager WisdomTree is expanding its digital assets range with the launch of a new Ether (ETH) exchange-traded product on two European stock exchanges.
Borse Xetra and Swiss stock exchange SIX have both listed WisdomTree’s ETP, which provides investors with exposure to the native currency of the Ethereum blockchain without having to hold the asset directly nor to interact with its blockchain infrastructure at all.
WisdomTree presents the product as an offshoot of “traditional financial infrastructure and product structuring,” with the provision of institutional-grade storage solutions for investors that remove the need for dealing with custodians directly themselves.
The Ether ETPs, which trades under the ticker ETHW, has a total expense ratio of 0.95% on both Borse Xetra and SIX and is passported across the European Union. The product follows up on WisdomTree’s existing WisdomTree Bitcoin (BTCW) product, which trades on Borse Xetra and involves a multi-custodian model. Among its appointed custodians are the prominent cryptocurrency services provider and