WisdomTree Launches Crypto ETPs for Solana, Cardano, Polkadot in Europe

Other ETP issuers are planning crypto-linked investment products that also yield staking returns.

AccessTimeIconMar 29, 2022 at 7:00 a.m. UTC
Updated May 11, 2023 at 7:15 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Investment firm WisdomTree launched another tranche of crypto exchange-traded products (ETP) in the European market.

New ETPs covering Solana's SOL, Cardano's ADA and Polkadot's DOT listed on Swiss stock exchange SIX and Börse Xetra on Tuesday, according to a press release. Euronext exchanges in Paris and Amsterdam will add them at the end of the month.

  • What Challenges Do Appchains Solve?
    00:59
    What Challenges Do Appchains Solve?
  • Appchain Protocol Tanssi Raises $6M
    18:57
    Appchain Protocol Tanssi Raises $6M
  • Breaking Down Internet Computer's 40% Rally
    00:59
    Breaking Down Internet Computer's 40% Rally
  • HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M
    02:14
    HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M
  • Crypto ETPs are mainstream investment vehicles that offer easy exposure to cryptos. They’re prevalent in Europe, where regulators have moved faster on crypto products. WisdomTree and other issuers such as VanEck and 21Shares all have launched crypto ETPs in Europe well beyond plain-vanilla offerings in bitcoin (BTC) and ether (ETH).

    Meanwhile in the U.S., crypto asset managers are still fighting for the first bitcoin spot vehicle to clear the Securities and Exchange Commission (SEC). The SEC allowed two cash-settled bitcoin futures ETFs in October.

    “A key component to our approach is launching strategies which will resonate with institutional investors,” WisdomTree Head of Digital Assets for Europe Jason Guthrie said in a statement.

    Competition has driven crypto ETP expenses down (WisdomTree’s 0.95% is among the lowest) but also pressured issuers to innovate. FTX and CoinShares said last week they were working to launch “the first” SOL ETP that returns a portion of staking rewards to investors.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Danny Nelson

    Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.