WisdomTree Lists 3 Crypto Basket ETPs in Europe
The funds are passported for sale across 12 European Union countries plus Norway and Switzerland.
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SIX Swiss Exchange is based in Zurich.
Asset manager WisdomTree has listed a trio of crypto basket exchange-traded products (ETPs) on Swiss stock exchange SIX and Frankfurt-based Börse Xetra.
- The ETPs, which track proprietary indices developed by WisdomTree, are the WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight (MEGA).
- BLOC offers exposure to the most established crypto assets, which represent around 70% of the cryptocurrency market cap, such as bitcoin, ether, bitcoin cash and litecoin. To avoid overexposure to bitcoin and ether, however, the combined allocation to the two is capped at 75%.
- WALT is focused on altcoins such as cardano, bitcoin cash, litecoin, polkadot and solana. It excludes bitcoin and ether.
- MEGA, conversely, focuses solely on bitcoin and ether as the market’s two “mega-cap” assets.
- The funds are passported for sale across 12 European Union countries plus Norway and Switzerland.
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