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.

By Jamie Crawley

Apr 29, 2021 at 9:42 a.m. UTC

Updated Sep 14, 2021 at 12:48 p.m. UTC

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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).

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