WisdomTree, an exchange-traded fund ("ETF") and exchange-traded
product ("ETP") sponsor, has today added three new
physically-backed cryptocurrency ETPs to its crypto asset product
range.
On March 29, 2022, WisdomTree Solana (SOLW),
WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW) ETPs were
listed on Börse Xetra and SIX, the Swiss Stock Exchange and today
were listed on Euronext exchanges in Amsterdam and Paris. The ETPs
have a total expense ratio (TER) of 0.95%, currently the lowest
fees for ETPs providing access to these altcoins in Europe, and are
passported for sale across the European Union.
The ETPs are designed to offer investors a
simple, secure and cost-efficient way to gain exposure to the price
of Solana, Cardano and Polkadot. Investors also can gain exposure
to these crypto assets through WisdomTree’s diversified crypto
asset basket ETPs, WisdomTree Crypto Market (BLOC), WisdomTree
Crypto Altcoins (WALT). The new ETPs have the potential to deliver
staking rewards1 to investors.
Jason Guthrie, Head of Digital Assets,
Europe, WisdomTree said: “We want to provide investors
with a range of crypto asset exposures, whether that be through
diversified baskets or single trackers. A key component to our
approach is launching strategies which will resonate with
institutional investors. These need to be crypto assets which are
liquid enough for institutional use, are supported by the ETP
market participants and have clear use cases. As the crypto asset
market evolves, so too will the ETP ecosystem which is needed for
more institutional adoption. We will continue to enhance and expand
our product range, supporting investors on their journey into
crypto assets.”
Created in 2017, Solana is a layer-1 smart
contract platform2 that aims to expand transaction throughput at a
much lower cost compared to Ethereum. It uses a Proof of Stake
(PoS) consensus model to secure the network but features a new
timestamp system called Proof of History (PoH) that enables
automatically ordered transactions. Although the mainnet was
launched in 2020 and is still in beta testing stage, Solana has
gained popularity with use cases such as building decentralized
social networks, blockchain gaming, and decentralized
exchanges.
Cardano was created in 2015 as a layer-1 smart
contract platform as an alternative to the Ethereum network. It is
built with a two-layer structure for enhanced security and utilize
the PoS consensus model. Cardano delivered its smart contract
functionality in 2021, and could see more decentralized
applications for use cases such as education credential
verification, retail product counterfeiting and in finance for Know
Your Customer/Anti-Money Laundering checks.
Polkadot was created in 2016 with a focus on
interoperability between various blockchains for transferring data
or assets. It utilizes a Proof of Authority model and is designed
with a governance model that means the network does not need to be
forked when incorporating upgrades. It hosts a wide variety of use
cases including decentralized exchanges, data processors and
bridging solutions.
Through WisdomTree’s cryptocurrency ETPs,
investors can conveniently access a range of crypto assets without
the need to hold them directly, store private access keys or
interact with the blockchain or digital currency infrastructure in
any way. Investors also get access to institutional grade storage
solutions without needing to set it up with a custodian themselves.
To ensure the highest level of security, WisdomTree leverages
regulated, institutional-grade digital currency custodians who
maintain highly secure cold storage facilities.
Alexis Marinof, Head of Europe,
WisdomTree, added: “Digital assets are an
exciting and growing asset class, which is continuing to capture
the imagination of investors. Interesting and different use cases
for the likes of Solana, Cardano and Polkadot represent the next
stage of evolution for this young asset class. While bitcoin and
Ethereum grab the headlines, altcoins are now viable options for
many institutional investors, providing more options to diversify
their crypto holdings just like they would with any other asset
class.”
WisdomTree has also listed Swiss Franc trading
lines for the SIX listed WisdomTree Bitcoin and WisdomTree Ethereum
ETPs.
WisdomTree now has eight crypto asset ETPs, with
SOLW, ADAW and DOTW adding 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 entire crypto asset ETP range is available via
Börse Xetra, SIX, the Swiss Stock Exchange and on Euronext
exchanges in Amsterdam and Paris.
SOLW, ADAW and DOTW are passported for sale in Austria, Belgium,
Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg,
Netherlands, Norway, Poland, Spain, Sweden and Switzerland.
Product information
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 more:
https://www.wisdomtree.eu/en-gb/strategies/crypto-currency
For further information, please contact:Jessica
Zaloom, Head of Corporate Communications and Public Relations, +1
917 267 3735 / JZaloom@wisdomtree.comArran Fano, PR and
Communications, +44 20 7448 4336 / AFano@WisdomTree.com
About WisdomTree
WisdomTree Investments, Inc., through its
subsidiaries in the U.S. and Europe (collectively, “WisdomTree”),
is an exchange-traded fund (“ETF”) and exchange-traded product
(“ETP”) sponsor and asset manager headquartered in New York.
WisdomTree offers products covering equity, commodity, fixed
income, leveraged and inverse, currency, cryptocurrency and
alternative strategies. WisdomTree currently has approximately
$79.4 billion in assets under management globally.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
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is an unregulated ETP, approved to trade on the SIX Swiss Exchange
in Switzerland, Euronext Paris, Euronext Amsterdam and
the Deutsche Börse Xetra in Germany. Cryptocurrencies are
a high-risk investment and may not be suitable for all types
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price of the underlying asset(s) by which the securities are
secured can demonstrate higher volatility than other asset classes
and consequently the value of the securities may be extremely
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risks associated with cryptocurrencies are suitable for your
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1 Proof-of-Stake allows users to stake their token holdings in
order to become validators of the network. Validators process
transactions and secure a network. In exchange, validators are
rewarded with more assets from the network.2 Decentralized
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