Investment firm WisdomTree unveiled another series of crypto exchange-traded products (ETPs) in Europe, according to a report by CoinDesk on Tuesday.

  • The New ETPs covering Cardano (ADA), Solana (SOL), and Polkadot (DOT) will be listed on the Swiss exchanges SIX and Börse Xetra. Euronext bourses will add them at the end of March.
  • Cryptocurrency ETPs are common investment vehicles that provide easy exposure to cryptos. They are common in Europe, where regulators have legalized crypto products.
  • WisdomTree and other issuers such as 21Shares and VanEck have launched crypto ETPs in Europe.
  • Meanwhile, crypto asset managers in the US are struggling to list their first bitcoin spot vehicle due to tough restrictions from the Securities and Exchange Commission (SEC).
  • Jason Guthrie Head of Digital Assets for Europe WisdomTree stated that a key element of their approach is unveiling strategies that will resonate with institutional investors.

Competition has reduced crypto ETP expenses but also increased pressure on the issuers to innovate their products. ADAUSD up +3.98%, DOTUSD up +2.55%, SOLUSD +5.55%