WisdomTree has listed its WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs on the London Stock Exchange ( LSE), making it one of the first issuers approved for listing crypto ETPs on the LSE.
These ETPs come with a management expense ratio of 0.35%, making them among the “one of the lowest fee levels for institutional-grade Bitcoin and Ethereum ETPs that are 100% backed by the underlying assets”. However, these ETPs are currently available exclusively to professional investors.
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The WisdomTree Physical Bitcoin ETP, launched in 2019, is designed to offer a straightforward, secure, and cost-effective way to gain exposure to bitcoin’s price. It ensures easy investor access, tradability, transparency, and institutional custody solutions within a robust structure. Similarly, the WisdomTree Physical Ethereum ETP provides secure and low-cost exposure to Ethereum, allowing investors to access ether and receive staking rewards through a transparent and risk-managed approach.
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Alexis Marinof, head of Europe at WisdomTree, remarked: “As an FCA-regulated business, we have over 250 ETFs and ETPs listed on the LSE. Listing our Bitcoin and Ethereum ETPs is a natural evolution of our offerings and underscores our commitment to supporting UK investors. With rising interest in the asset class among European investors, particularly due to the new fee environment and the launch of US spot bitcoin ETFs, we foresee this development as a pivotal moment for Crypto ETPs in the UK.”
Marinof highlighted that the asset manager’s expertise, combined with robust and scalable business managing over $100 billion in global assets, allows it to “offer highly competitive fees without compromising security or risk management.”
WisdomTree’s European crypto ETPs are now available for sale in multiple countries, including Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Poland, Netherlands, Norway, Spain, Sweden, Switzerland and the UK.
