Share this article
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.
Updated Sep 14, 2021, 12:48 p.m. Published Apr 29, 2021, 9:42 a.m.
Asset manager WisdomTree has listed its ethereum exchange-traded product (ETP) on Deutsche Boerse’s Xetra market in Frankfurt and the Swiss Stock Exchange (SIX) in Zurich.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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).
Advertisement
See also: CoinShares Launches Litecoin ETP
More For You
More For You
Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
Top Stories
