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.

AccessTimeIconApr 29, 2021 at 9:42 a.m. UTC
Updated Sep 14, 2021 at 12:48 p.m. UTC

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.

  • 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).

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC