WisdomTree lists Bitcoin ETP on Börse Xetra

EU passporting for WisdomTree Bitcoin provides easy access to European professional investors

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

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

Alexis Marinof, Head of Europe, WisdomTree, said: “Passporting WisdomTree Bitcoin in the EU was the ambition since we decided to launch a cryptocurrency ETP, and the evolving regulatory landscape has made this possible. The move represents an important milestone for our best-in-class product and one which will resonate with institutional investors concerned about the lack of EU-listed crypto ETPs and high fees associated with previous options. Our goal is to be the leader in crypto ETPs. We are in constant dialogue with clients and evaluating opportunities to build on WisdomTree Bitcoin and develop a suite of best-in-class products which leverage our heritage and expertise in physically-backed ETPs.”

The WisdomTree Bitcoin ETP provides investors with a simple, secure and cost-efficient way to gain exposure to the most liquid and popular cryptocurrency, Bitcoin. The ETP allows investors to access Bitcoin without the need to hold the cryptocurrency directly, store private access keys or interact with the blockchain or digital currency infrastructure in any way. Investors also receive access to institutional grade storage solutions without needing to set it up with a custodian themselves.

In March, WisdomTree announced the appointment of Coinbase Custody as a custodian for the WisdomTree Bitcoin ETP. The appointment highlights the ongoing commitment to delivering the safety and robustness investors have come to expect from WisdomTree ETPs. Coinbase Custody offers access to a secure, institutional-grade offline storage solution built around a proprietary, best-in-class key generation protocol which generates cold storage addresses for Custody wallets. The move complements the existing custody solution for the WisdomTree Bitcoin ETP provided by Swissquote, a regulated and listed Swiss bank.