WisdomTree launches Solana, Cardano and Polkadot ETPs in

NEW YORK, March 31, 2022 (GLOBE NEWSWIRE) — WisdomTree, an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor, has right now added three new physically-backed cryptocurrency ETPs to its crypto asset product vary.

On March 29, 2022, WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW) ETPs have been listed on Börse Xetra and SIX, the Swiss Stock Exchange and right now have been listed on Euronext exchanges in Amsterdam and Paris. The ETPs have a complete expense ratio (TER) of 0.95%, at present the bottom charges for ETPs offering entry to those altcoins in Europe, and are passported on the market throughout the European Union.

The ETPs are designed to supply traders a easy, safe and cost-efficient technique to achieve publicity to the value of Solana, Cardano and Polkadot. Investors can also achieve publicity to those crypto belongings by WisdomTree’s diversified crypto asset basket ETPs, WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT). The new ETPs have the potential to ship staking rewards1 to traders.

Jason Guthrie, Head of Digital Assets, Europe, WisdomTree mentioned: “We need to present traders with a variety of crypto asset exposures, whether or not that be by diversified baskets or single trackers. A key element to our strategy is launching methods which can resonate with institutional traders. These have to be crypto belongings that are liquid sufficient for institutional use, are supported by the ETP market contributors and have clear use instances. As the crypto asset market evolves, so too will the ETP ecosystem which is required for extra institutional adoption. We will proceed to boost and develop our product vary, supporting traders on their journey into crypto belongings.”

Created in 2017, Solana is a layer-1 good contract platform2 that goals to develop transaction throughput at a a lot decrease price in comparison with Ethereum. It makes use of a Proof of Stake (PoS) consensus mannequin to safe the community however includes a new timestamp system referred to as Proof of History (PoH) that allows robotically ordered transactions. Although the mainnet was launched in 2020 and continues to be in beta testing stage, Solana has gained recognition with use instances corresponding to constructing decentralized social networks, blockchain gaming, and decentralized exchanges.

Cardano was created in 2015 as a layer-1 good contract platform as an alternative choice to the Ethereum community. It is constructed with a two-layer construction for enhanced safety and make the most of the PoS consensus mannequin. Cardano delivered its good contract performance in 2021, and might see extra decentralized functions to be used instances corresponding to schooling credential verification, retail product counterfeiting and in finance for Know Your Customer/Anti-Money Laundering checks.

Polkadot was created in 2016 with a give attention to interoperability between varied blockchains for transferring knowledge or belongings. It makes use of a Proof of Authority mannequin and is designed with a governance mannequin which means the community doesn’t have to be forked when incorporating upgrades. It hosts all kinds of use instances together with decentralized exchanges, knowledge processors and bridging options.

Through WisdomTree’s cryptocurrency ETPs, traders can conveniently entry a variety of crypto belongings with out the necessity to maintain them instantly, retailer personal entry keys or work together with the blockchain or digital forex infrastructure in any approach. Investors additionally get entry to institutional grade storage options while not having to set it up with a custodian themselves. To guarantee the very best degree of safety, WisdomTree leverages regulated, institutional-grade digital forex custodians who preserve extremely safe chilly storage amenities.

Alexis Marinof, Head of Europe, WisdomTree, added: “Digital belongings are an thrilling and rising asset class, which is continuous to seize the creativeness of traders. Interesting and totally different use instances for the likes of Solana, Cardano and Polkadot symbolize the subsequent stage of evolution for this younger asset class. While bitcoin and Ethereum seize the headlines, altcoins at the moment are viable choices for a lot of institutional traders, offering extra choices to diversify their crypto holdings identical to they might with every other asset class.”

WisdomTree has additionally listed Swiss Franc buying and selling strains for the SIX listed WisdomTree Bitcoin and WisdomTree Ethereum ETPs.

WisdomTree now has eight crypto asset ETPs, with SOLW, ADAW and DOTW including to WisdomTree Bitcoin (BTCW), WisdomTree Ethereum (ETHW), WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight ETPs (MEGA). WisodmTree’s whole crypto asset ETP vary is offered by way of Börse Xetra, SIX, the Swiss Stock Exchange and on Euronext exchanges in Amsterdam and Paris.

SOLW, ADAW and DOTW are passported on the market in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden and Switzerland.

Product data

Listing Name TER Exchange Trading Ccy Exchange Code ISIN
WisdomTree Solana 0.95 % SIX USD SOLW GB00BNGJ9G01
WisdomTree Solana 0.95 % SIX CHF SOLW GB00BNGJ9G01
WisdomTree Solana 0.95 % Euronext Amsterdam USD SOLW GB00BNGJ9G01
WisdomTree Solana 0.95 % Euronext Paris EUR SOLW GB00BNGJ9G01
WisdomTree Solana 0.95 % Börse Xetra EUR DSOL GB00BNGJ9G01
WisdomTree Cardano 0.95 % SIX USD ADAW GB00BNGJ9J32
WisdomTree Cardano 0.95 % SIX CHF ADAW GB00BNGJ9J32
WisdomTree Cardano 0.95 % Euronext Amsterdam USD ADAW GB00BNGJ9J32
WisdomTree Cardano 0.95 % Euronext Paris EUR ADAW GB00BNGJ9J32
WisdomTree Cardano 0.95 % Börse Xetra EUR WADA GB00BNGJ9J32
WisdomTree Polkadot 0.95 % SIX USD DOTW GB00BNGJ9H18
WisdomTree Polkadot 0.95 % SIX CHF DOTW GB00BNGJ9H18
WisdomTree Polkadot 0.95 % Euronext Amsterdam USD DOTW GB00BNGJ9H18
WisdomTree Polkadot 0.95 % Euronext Paris EUR DOTW GB00BNGJ9H18
WisdomTree Polkadot 0.95 % Börse Xetra EUR  XDOT GB00BNGJ9H18

Find out extra: https://www.wisdomtree.eu/en-gb/methods/crypto-currency

For additional data, 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 its subsidiaries in 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 provides merchandise masking fairness, commodity, mounted earnings, leveraged and inverse, forex, cryptocurrency and different methods. WisdomTree at present has roughly $79.4 billion in belongings below administration globally. 

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

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The product mentioned in this doc is an unregulated ETP, accepted to commerce on the SIX Swiss Exchange in Switzerland, Euronext Paris, Euronext Amsterdam and the Deutsche Börse Xetra in Germany. Cryptocurrencies are a high-risk funding and will not be appropriate for all sorts of investor. Prospective traders must be conscious that the value of the underlying asset(s) by which the securities are secured can exhibit larger volatility than different asset courses and consequently the worth of the securities could also be extraordinarily unstable. You should make sure that the character, complexity and dangers related to cryptocurrencies are appropriate in your goals in mild of your circumstances and monetary place. 

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1 Proof-of-Stake permits customers to stake their token holdings in order to develop into validators of the community. Validators course of transactions and safe a community. In alternate, validators are rewarded with extra belongings from the community.
2 Decentralized functions will be constructed on good contract platforms. These decentralized functions make the most of good contracts, that are scripts that execute primarily based on exterior occasions.

https://www.globenewswire.com/news-release/2022/03/31/2413770/18051/en/WisdomTree-launches-Solana-Cardano-and-Polkadot-ETPs-in-Europe.html

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