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WisdomTree, which is a global financial innovator, has today seen the listing of WisdomTree Physical Bitcoin BTCW and WisdomTree Physical Ethereum ETPs on the London Stock Exchange. With an annual management fee of solely 0.35%, the ETPs offer one of the lowest fee levels in the institutional-grade Bitcoin and Ethereum ETPs that are fully backed by the underlying assets.
According to Alexis Marinof, head of Europe at WisdomTree, listing such crypto ETPs is a natural step to continue supporting UK investors across European markets, talking of increased interest in the asset class by European investors, partly because of a new fee environment and partly because of the launch of US spot bitcoin ETFs. It is about to be a game changer for the UK, with professional investors now able to access more conveniently and jurisdictionally regulated crypto ETPs.
WisdomTree is managing $775 million across its suite of cryptocurrencies in 2024 and has now gathered $127 million in net inflows, making it the leading European issuer of crypto ETPs. The ETP gives investors a secure and cost-efficient way to gain exposure to the second-most-famous cryptocurrency and access staking rewards without additional lock-ups.
