[ad_1]
US-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange traded product (ETP).
On December 2, WisdomTree listed its ETP Crypto Mega Cap Equal Weight on the Euronext stock exchanges in Paris and Amsterdam.
Trading under the ticker MEGA, the investment product is backed by physical crypto assets including Bitcoin (BTC) and Ether (ETH) with quarterly rebalancing. Launched in November 2021, MEGA was previously listed on Deutsche Boerse’s Xetra digital exchange and SIX Swiss exchange.
Besides MEGA, WisdomTree also recently launched two other crypto ETPs, including WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoin (WALT).
BLOC offers exposure to a basket of crypto assets representing 70% of the crypto market cap, including coins like BTC, Ether, Cardano (ADA), Bitcoin Cash (BCH) and others. WALT provides exposure to major coins excluding BTC and ETH and was designed for investors who already have exposure to mega-cap coins. Both ETPs debuted on Boerse Xetra and SIX at the end of November 2021.
Related: Invesco Launches Bitcoin ETP Spot On Deutsche Borse
US asset managers are increasingly listing their crypto investment products in Europe amid regulatory hurdles in the United States. Although the US Securities and Exchange Commission (SEC) has approved a number of exchange-traded funds (ETFs) based on BTC futures since October, US investors are still waiting for a spot BTC ETF.
The SEC delayed its decision on Wisdom Tree’s Bitcoin ETF with a request for public comment in July 2021 after the company filed the investment product in March.
|
Sources 2/ https://cointelegraph.com/news/us-firm-wisdomtree-lists-crypto-etp-on-euronext The mention sources can contact us to remove/changing this article |
[ad_2]