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Bitcoin ETF Hopeful WisdomTree Lists Ethereum ETP in Germany, Switzerland
The company’s application to list a bitcoin ETF in the U.S. is currently being reviewed by the SEC.
Asset manager WisdomTree has listed its ethereum (ETH) exchange-traded product (ETP) on Deutsche Boerse’s Xetra market in Frankfurt and the Swiss Stock Exchange (SIX) in Zurich.
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- The physically backed ETP, trading under the ticker “ETHW,” will track the spot price of ethereum and has an expense ratio of 0.95%, WisdomTree said in an emailed announcement Thursday.
- 21Shares and ETC Group both listed ethereum-backed ETP in Germany in March, while such products have been listed on the Swiss exchange for some years.
- This listing follows shortly after WisdomTree’s bitcoin (BTC) ETP listed in Frankfurt on April 14.
- As with the bitcoin ETP, ETHW will provide investors with exposure to ethereum without holding the crypto directly or having to store their own private keys.
- This comes as WisdomTree’s application to list a bitcoin exchange-traded fund (ETF) in the U.S. is being reviewed by the Securities and Exchange Commission (SEC).
See also: CoinShares Launches Litecoin ETP
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
