{"id":238268,"date":"2021-04-29T13:27:19","date_gmt":"2021-04-29T10:27:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/swiss-stock-exchange-six-and-borse-xetra-list-physically-backed-ether-etp\/"},"modified":"2021-04-29T13:27:19","modified_gmt":"2021-04-29T10:27:19","slug":"swiss-stock-exchange-six-and-borse-xetra-list-physically-backed-ether-etp","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/swiss-stock-exchange-six-and-borse-xetra-list-physically-backed-ether-etp\/","title":{"rendered":"# Swiss Stock Exchange SIX and Borse Xetra list physically backed Ether ETP"},"content":{"rendered":"

“# Swiss Stock Exchange SIX and Borse Xetra list physically backed Ether ETP <\/strong>”
\n<\/p>\n

New York-based exchange-traded product sponsor and asset manager WisdomTree is expanding its digital assets range with the launch of a new Ether (ETH) exchange-traded product on two European stock exchanges.<\/p>\n

Borse Xetra and Swiss stock exchange SIX have both listed WisdomTree\u2019s ETP, which provides investors with exposure to the native currency of the Ethereum blockchain without having to hold the asset directly nor to interact with its blockchain infrastructure at all.\u00a0<\/p>\n

WisdomTree presents the product as an offshoot of \u201ctraditional financial infrastructure and product structuring,\u201d with the provision of institutional-grade storage solutions for investors that remove the need for dealing with custodians directly themselves.<\/p>\n

The Ether ETPs, which trades under the ticker ETHW, has\u00a0a total expense ratio of 0.95% on both Borse Xetra and SIX and is passported across the European Union. The product follows up on WisdomTree\u2019s existing\u00a0WisdomTree Bitcoin (BTCW) product, which trades on\u00a0Borse Xetra and involves a multi-custodian model. Among its app<\/a>ointed custodians are the prominent cryptocurrency services provider and exchange Coinbase.<\/p>\n

Jason Guthrie, head of capital markets and digital assets at WisdomTree, has said that\u00a0ETHW is launching at a time when interest in digital assets is \u201cat its highest,\u201d claiming:<\/p>\n

\u201cWith this increase in popularity, institutional investors are doing their due diligence on the most liquid cryptocurrencies, and we expect the pace of adoption across these to ramp up as the opportunity in digital assets becomes more compelling.\u201d<\/p><\/blockquote>\n

WisdomTree has recently joined the list of Bitcoin (BTC) exchanged-traded-fund hopefuls in the United States market, submitting a filing in March with the U.S. Securities and Exchange Commission for a product that would prospectively\u00a0trade on Chicago Board Options Exchange\u2019s bZx platform.<\/p>\n

Other hopefuls include crypto-focused financial services firm NYDIG, which filed for a Bitcoin ETF in February, including\u00a0U.S. investment bank Morgan Stanley among its proposed fund\u2019s authorized participants. Both VanEck and\u00a0Valkyrie Digital Assets\u00a0filed for Bitcoin funds in January.<\/p>\n