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.
The license will allow Coinbase to continue operating in Germany.
Iconic Funds plans to bring more products to the market for “crypto-hungry” investors and is also exploring listings outside of Germany.
The law allows "special funds" to invest up to 20% of their assets in crypto.
Under the legislation, wealth managers known as Spezialfonds would be able to invest up to 20% in digital assets.
The financial institutions are working with fintech firm 360X, with first tokenized transactions coming later this year.