WisdomTree, a New York-based provider of ETP products, Solana, Cardano and polkadot announced that the ETPs of its altcoins are listed in France and the Netherlands.
ETPs of altcoins began to be traded on Amsterdam and Paris-based Euronext exchanges.
It was announced that the total expense ratio, which measures the cost of investment products to users, will be at the level of 0.95%.
Altcoin ETPs From WisdomTree Are Spreading In Europe
According to Eric Balchunas, senior ETF analyst at Bloomberg, these ETP products from WisdomTree are a much better offer than the 2.5% management fee that 21Shares, another Swiss-based cryptocurrency ETPs company, is currently charging its customers. looks.
Earlier this week, Solana, Cardano and Polkadot ETPs started trading on the Zurich-based SIX Swiss Exchange and Frankfurt-based Xetra.
Cryptocurrency and altcoin ETP products enable investors to invest in cryptocurrencies safely and cost-effectively. Such products are generally more in demand in Europe. European authorities are keen to list crypto ETP products. 21Shares company recently Decentraland (MANA) and AAVE (AAVE) It launched ETPs for not very popular cryptocurrencies such as
However, we see that crypto investment companies are starting to get more and more creative. In early March, Bloomberg announced that CoinShares plans to launch a Solana-based ETP product through a partnership with cryptocurrency exchange FTX. The issuance of staking rewards will also be implemented in the ETP product to reduce the payment of management fees by investors.
*Not investment advice.