• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Saturday, March 25, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Asset manager WisdomTree unveils three European crypto spot ETFs

News
by Gauri Bhatia
30 November 2021
Asset manager WisdomTree unveils three European crypto spot ETFs
Share on FacebookShare on Twitter

New York-based ETF manager WisdomTree has announced the launch of three exchange-traded products (ETPs), expanding its product offering in the European market.

WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT), and WisdomTree Crypto Mega Cap Equal Weight (MEGA) are three exchange-traded financial products that follow WisdomTree’s index, all 100% backed by the relevant crypto assets.

The ETPs are listed on the Swiss stock exchange SIX, and Germany’s Börse Xetra, and will be sold across the European Union.

As per the press release, BLOC is a market-cap-weighted ETP that invests in crypto assets representing 70% of the total market capitalization, such as Bitcoin (BTC), Ethereum (ETH), Ada (ADA), Solana (SOL), and Polkadot (DOT).

Since Bitcoin and Ethereum constitute a large part of the cryptocurrency market cap, their combined weighting has a limit of 75%. Moreover, each crypto asset has a maximum cap of 45% and a minimum allocation of 2.5%, thereby offering diversified exposure.

Another ETF, WALT offers a diversified investment in Altcoins which have the highest market capitalizations such as Cardano, Bitcoin Cash, Litecoin, Polkadot, and Solana, each having a maximum weighting of 50. Both BLOC and WALT carry a total expense ratio of 145 basis points.

Lastly, MEGA ETF aims to offer exposure to top crypto assets, Bitcoin and Ethereum and is currently the lowest priced physically-backed cryptocurrency basket ETP in Europe.

Jason Guthrie, Head of Digital Assets of WisdomTree Europe said in the press release that the asset class has now captured the $2.6 trillion market. He added:

“As it inevitably continues to grow in prominence, institutions need an increasingly sophisticated tool kit to enable them to provide access effectively and efficiently to crypto asset markets for their clients.”

Previous Post

Twitter appoints Parag Agarwal as CEO after Dorsey

Next Post

Shinhan bank partners with Hedera to mint SKW-backed stablecoins

Gauri Bhatia

Gauri Bhatia

Gauri is a full-time Content Writer at Our Bitcoin News. With a degree in Economics, she covers major news and concerns surrounding crypto-space.

Related Posts

US OpenAI Announces Subscription Plan for Conversational AI Language Model “ChatGPT”

US OpenAI to start supporting ChatGPT plugin Internet access possible

by Kurt Ebenzer
25 March 2023

ChatGPT plugin OpenAI of the United States announced on the 23rd that it has started a test process for implementing...

El Salvador to establish veterinary hospital with Bitcoin trust profit

El Salvador president to introduce tax exemption for innovation

by Kurt Ebenzer
25 March 2023

Tax exemption bill for technological innovation El Salvador's President Najib Bukele said on Wednesday that he plans to introduce a...

Silicon Valley Bank and Signature Bank Collapse/Crypto Asset Fund Outflows Record Outflow[Top News from 3/11 to 3/17]| coindesk JAPAN | Coindesk Japan

Terra co-founder arrested in Montenegro / BTC and ETH volatility indicators are in an unusual state for the first time in about two years[3/18-3/24 top news]| coindesk JAPAN | Coindesk Japan

by Damien Martin
25 March 2023

He has been the subject of multiple investigations and an Interpol arrangement in 2022 after the collapse of stablecoin TerraUSD...

No Result
View All Result

Recent Posts

  • US OpenAI to start supporting ChatGPT plugin Internet access possible
  • El Salvador president to introduce tax exemption for innovation
  • Terra co-founder arrested in Montenegro / BTC and ETH volatility indicators are in an unusual state for the first time in about two years[3/18-3/24 top news]| coindesk JAPAN | Coindesk Japan
  • Deutsche Bank stock plunge US stock market rises, Bitcoin falls due to Binance system failure | 25th Financial Tankan
  • US banking crisis could be an opportunity for cryptocurrency exchanges: JP Morgan | coindesk JAPAN
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News