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BTCW and ETHW listing on the Paris and Amsterdam stock exchanges
NEW YORK, June 01, 2021 (GLOBE NEWSWIRE) – WisdomTree, an exchange-traded fund (“ETF”) and sponsor of exchange-traded products (“ETP”), has announced that its physically backed bitcoin and ether ETPs are listed on the Euronext stock exchanges in Paris and Amsterdam. WisdomTree Bitcoin (BTCW) and WisdomTree Ethereum (ETHW) each have a total expense ratio of 0.95% and are already listed on the German stock exchange Börse Xetra and SIX, the Swiss stock exchange.
BTCW and ETHW’s listings on the Euronext stock exchanges follow a series of new developments on WisdomTree’s digital asset platform. In April, ETHW was launched on Börse Xetra and SIX. Also in April, BTCW made its debut on Börse Xetra. WisdomTree offers the cheapest Bitcoin and Ether ETPs in Europe.
Jason Guthrie, Head of Digital Assets, Europe, WisdomTree, said: “Listing on Euronext opens up more access points for investors to allow them to conveniently allocate and trade both BTCW and ETHW. Since we launched our digital asset platform in 2019, we’ve seen a lot of development in the space. This milestone represents the growing acceptance of cryptocurrencies, the changing European regulatory landscape and the latest signal that digital assets are here to stay. The willingness of regulators and exchanges to list cryptocurrency ETPs lends additional credibility to this growing and popular asset class. This development will support institutional investors, trading via Euronext, who were waiting for further signs of acceptance before making their first allocations to digital assets. “
BTCW and ETHW offer investors a simple, secure, and cost-effective way to gain exposure to the most liquid and popular cryptocurrencies, bitcoin and ether. ETPs allow investors to access bitcoin and ether without the need to directly own cryptocurrencies, store private access keys, or interact in any way with the blockchain or the digital currency infrastructure. Investors also have access to institutional grade storage solutions without having to configure them themselves with a custodian.
To ensure the highest level of security, WisdomTree relies on regulated institutional-level digital currency custodians, Coinbase and Swissquote, which operate highly secure cold stores.
Alexis Marinof, Head of Europe, WisdomTree, added: “Our commitment to support investors in their journey to digital assets is reinforced by the listings of BTCW and ETHW on Euronext. We’ve built a top-notch digital asset platform, made up of the most investor-friendly bitcoin and ether ETPs. Our heritage provides a level of convenience and expertise that investors cannot get from other physically backed cryptocurrency ETP providers. This results in a market leading product, from the price point to the unmatched product structure. “
WisdomTree’s Digital Asset Product Line1 has over $ 235 million2 in assets under management.
Jonathan Steinberg, CEO of WisdomTree, concluded: “We know that digital assets and blockchain are a priority for our customers and we want to help them understand and navigate the space. Accessibility has been a challenge for many investors, but as another important exchange facilitates access, opportunities continue to open up for investors and barriers to adoption diminish.
The ETPs of WisdomTree’s digital assets (BTCW and ETHW) are Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Spain and Sweden.
Find out more: https://www.wisdomtree.eu/en-gb/strategies/crypto-currency
For more information, please contact:
Jessica Zaloom, Head of Corporate Communications and Public Relations, +1 917 267 3735 / [email protected]
Arran Fano, public relations and communications, +44 20 7448 4336 / [email protected]
WisdomTree Investments, Inc., through its subsidiaries in the United States and Europe (collectively, “WisdomTree”), is a sponsor of exchange-traded funds (“ETF”) and exchange-traded products (“ETP ”) And an asset manager headquartered in New York. WisdomTree offers products covering stocks, commodities, fixed income, leverage and reverse, currencies, cryptocurrencies and alternative strategies. WisdomTree currently has approximately $ 74.9 billion in assets under management worldwide.
WisdomTree® is the trade name of WisdomTree Investments, Inc. and its subsidiaries around the world.
Communications issued in the European Economic Area (“EEA”): This document has been published and approved by WisdomTree Ireland Limited, which is authorized and regulated by the Central Bank of Ireland.
Communications issued in jurisdictions outside the EEA: This document has been published and approved by WisdomTree UK Limited, which is authorized and regulated by the Financial Conduct Authority of the United Kingdom.
WisdomTree Ireland Limited and WisdomTree UK Limited are each referred to as “WisdomTree” (as applicable). Our conflict of interest policy and inventory are available upon request.
For professional customers only. Past performance is not a reliable indicator of future performance. Any historical performance included in this document may be based on previous testing. Back testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back tested performance is purely hypothetical and is provided in this document for informational purposes only. Back-tested data does not represent actual performance and should not be construed as an indication of actual or future performance. The value of any investment can be affected by fluctuations in exchange rates. Any investment decision should be based on the information contained in the appropriate prospectus and after seeking independent investment, tax and legal advice. These products may not be available in your market or may not be suitable for you. The content of this document does not constitute investment advice or an offer to sell or a solicitation of an offer to purchase a product or to make an investment.
An investment in Exchange Traded Products (“ETPs”) is dependent on the performance of the Underlying Index, less costs, but it is not expected to precisely match that performance. ETPs involve many risks, including general market risks related to the relevant underlying index, credit risk on the provider of index swaps used in the ETP, currency risk, risk interest rates, inflationary risks, liquidity risks and legal and regulatory risks.
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The product discussed in this document is issued by WisdomTree Issuer X Limited (the “Issuer”). Investors should read the Issuer’s prospectus before investing and refer to the section of the prospectus entitled “Risk Factors” for further details on the risks associated with an investment in securities offered by the Issuer.
The securities issued by the Issuer are direct and limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of the Swissquote Bank Ltd (“Swissquote”), Coinbase Custody Trust Company LLC (“ Coinbase ”), one of their subsidiaries or any other person or one of its affiliates. Each of Swissquote and Coinbase disclaims all liability, whether tort, contractual or otherwise, that it may have with respect to this document or its content otherwise arising in connection with it.
The product discussed in this document is an unregulated ETP, approved to trade on SIX Swiss Exchange in Switzerland and Deutsche Börse Xetra in Germany. Cryptocurrencies are a high risk investment and may not be suitable for all types of investors. Potential investors should be aware that the price of the underlying assets by which the securities are guaranteed may exhibit higher volatility than other asset classes and that, therefore, the value of the securities may be extremely volatile. You need to ensure that the nature, complexity, and risks associated with cryptocurrencies are appropriate for your goals in light of your circumstances and financial circumstances.
1 Composed of WisdomTree Bitcoin and WisdomTree Ethereum
2 As of May 27, 2021