WisdomTree lists Bitcoin ETP on Börse Xetra Nasdaq:WETF

NEW YORK, April 14, 2021 (GLOBE NEWSWIRE) — WisdomTree, an trade traded fund (“ETF”) and trade traded product (“ETP”) sponsor, has introduced its physically-backed1 Bitcoin ETP has listed on Germany’s Börse Xetra. The WisdomTree Bitcoin ETP has a complete expense ratio of 0.95% and is already listed on SIX, the Swiss Stock Exchange.

The itemizing of the WisdomTree Bitcoin ETP on Börse Xetra follows approval from the Swedish regulator to distribute this ETP throughout the European Union (EU).

Alexis Marinof, Head of Europe, WisdomTree, mentioned: “Passporting WisdomTree Bitcoin within the EU was the ambition since we determined to launch a cryptocurrency ETP, and the evolving regulatory panorama has made this attainable. The transfer represents an essential milestone for our best-in-class product and one which can resonate with institutional traders involved in regards to the lack of EU-listed crypto ETPs and excessive charges related to earlier choices. Our objective is to be the chief in crypto ETPs. We are in fixed dialogue with purchasers and evaluating alternatives to construct on WisdomTree Bitcoin and develop a set of best-in-class merchandise which leverage our heritage and experience in physically-backed ETPs.”

The WisdomTree Bitcoin ETP supplies traders with a easy, safe and cost-efficient approach to acquire publicity to probably the most liquid and common cryptocurrency, Bitcoin. The ETP permits traders to entry Bitcoin with out the necessity to maintain the cryptocurrency straight, retailer non-public entry keys or work together with the blockchain or digital forex infrastructure in any approach. Investors additionally obtain entry to institutional grade storage options without having to set it up with a custodian themselves.

In March, WisdomTree introduced the appointment of Coinbase Custody as a custodian for the WisdomTree Bitcoin ETP. The appointment highlights the continued dedication to delivering the security and robustness traders have come to count on from WisdomTree ETPs. Coinbase Custody presents entry to a safe, institutional-grade offline storage answer constructed round a proprietary, best-in-class key technology protocol which generates chilly storage addresses for Custody wallets. The transfer enhances the present custody answer for the WisdomTree Bitcoin ETP supplied by Swissquote, a regulated and listed Swiss financial institution.

WisdomTree Bitcoin has over $380m2 in property below administration and achieved its one-year observe document in December 2020.

Jason Guthrie, Head of Capital Markets and Digital Assets, Europe, WisdomTree, added: “Since launching WisdomTree Bitcoin, institutional curiosity in cryptocurrencies, significantly Bitcoin, has grown considerably. As a brand new asset class, gaining credibility from institutional traders was by no means going to occur in a single day. With Bitcoin passing $1tn in market cap many institutional traders have began to acknowledge cryptocurrencies are right here to remain and are doing their due diligence as they take into account making allocations to digital property. The Xetra itemizing, together with the latest appointment of Coinbase Custody as our second custodian, will enchantment to a variety {of professional} traders and demonstrates our dedication to delivering a superior funding expertise to these allocating to our Bitcoin ETP.”

Bitcoin has change into a scorching funding matter, rising in recognition amongst skilled traders in 2020 and 2021. A maturing market ecosystem, optimistic information from firms and vital worth will increase have helped enhance sentiment prompting funding managers to take a more in-depth take a look at the asset class.

Jonathan Steinberg, CEO, WisdomTree, concluded: “We imagine WisdomTree Bitcoin is probably the most investor-friendly Bitcoin ETP available in the market, and we’re thrilled to carry this ETP to extra traders by means of its itemizing on Xetra. The progress of Bitcoin over the previous 12 months reinforces our view that Bitcoin, digital property, and blockchain expertise might be more and more essential in monetary companies going ahead. This announcement demonstrates our continued funding on this area to ship worth for our purchasers.”

WisdomTree Bitcoin is now passported in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Spain and Sweden.

For additional info, please contact:
Jessica Zaloom, Head of Corporate Communications and Public Relations, +1 917 267 3735 / [email protected]
Arran Fano, PR and Communications, +44 20 7448 4336 / [email protected]

About WisdomTree

WisdomTree Investments, Inc., by means of its subsidiaries within the U.S. and Europe (collectively, “WisdomTree”), is an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset supervisor headquartered in New York.  WisdomTree presents merchandise masking equities, commodities, mounted revenue, leveraged and inverse, currencies, and various methods. WisdomTree at present has roughly $70.9 billion in property below administration globally. 

WisdomTree® is the advertising and marketing title for WisdomTree Investments, Inc. and its subsidiaries worldwide.

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An funding in exchange-traded merchandise (“ETPs”) relies on the efficiency of the underlying index, much less prices, however it’s not anticipated to match that efficiency exactly. ETPs contain quite a few dangers together with amongst others, common market dangers referring to the related underlying index, credit score dangers on the supplier of index swaps utilised within the ETP, trade fee dangers, rate of interest dangers, inflationary dangers, liquidity dangers and authorized and regulatory dangers.

The info contained on this doc will not be, and on no account is to be construed as, an commercial or some other step in furtherance of a public providing of shares within the United States or any province or territory thereof, the place not one of the issuers or their merchandise are authorised or registered for distribution and the place no prospectus of any of the issuers has been filed with any securities fee or regulatory authority. No doc or info on this doc needs to be taken, transmitted or distributed (straight or not directly) into the United States. None of the issuers, nor any securities issued by them, have been or might be registered below the United States Securities Act of 1933 or the Investment Company Act of 1940 or certified below any relevant state securities statutes.

This doc could include unbiased market commentary ready by WisdomTree primarily based on publicly accessible info. Although WisdomTree endeavours to make sure the accuracy of the content material on this doc, WisdomTree doesn’t warrant or assure its accuracy or correctness. Any third-party information suppliers used to supply the data on this doc make no warranties or illustration of any variety referring to such information. Where WisdomTree has expressed its personal opinions associated to product or market exercise, these views could change. Neither WisdomTree, nor any affiliate, nor any of their respective officers, administrators, companions, or workers accepts any legal responsibility in anyway for any direct or consequential loss arising from any use of this doc or its contents.

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The product mentioned on this doc is issued by WisdomTree Issuer X Limited (the “Issuer”). Investors ought to learn the prospectus of the Issuer earlier than investing and will discuss with the part of the prospectus entitled “Risk Factors” for additional particulars of dangers related to an funding within the securities provided by the Issuer.

Securities issued by the Issuer are direct, restricted recourse obligations of the Issuer alone and will not be obligations of or assured by any of Swissquote Bank Ltd (“Swissquote”), Coinbase Custody Trust Company LLC (“Coinbase”), any of their associates or anybody else or any of their associates. Each of Swissquote and Coinbase disclaims all and any legal responsibility whether or not arising in tort, contract or in any other case which it might need in respect of this doc or its contents in any other case arising in connection herewith.

The product mentioned on this doc is an unregulated ETP, authorised to commerce on the SIX Swiss Exchange in Switzerland. Cryptocurrencies are a high-risk funding and will not be appropriate for every type of investor. Prospective traders needs to be conscious that the value of the underlying asset(s) by which the securities are secured can reveal increased volatility than different asset courses and consequently the worth of the securities could also be extraordinarily unstable. You should be sure that the character, complexity and dangers related to cryptocurrencies are appropriate on your aims in gentle of your circumstances and monetary place.


1 The physically-backed ETP will observe the spot worth of Bitcoin, with WisdomTree buying Bitcoin and creating smaller sized shares, which might then be traded and redeemed on trade.
2 As of 12 April 2021.    

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