Fund manager WisdomTree has launched the first exchange-traded product (ETP) providing exposure to the world’s most traded crypto index, the CoinDesk 20.
The WisdomTree Physical CoinDesk 20 ETP (WCRP) is now listed on Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam and is designed to offer investors a simple, secure and cost-efficient way to gain exposure to the CoinDesk 20 Index.
Low fees for crypto basket ETP
The ETP generates a staking yield based on the portion of the assets which are staked. Staked assets participate in the consensus mechanisms of relevant assets, helping secure their blockchains. WisdomTree Physical CoinDesk 20 has a management expense ratio (MER) of 0.70%, representing one of the lowest fee levels for an institutional-grade crypto basket ETP.
By offering exposure to the CoinDesk 20 Index, the ETP helps investors avoid the complexities of selecting individual assets, providing secure and diversified exposure to approximately 90% of the crypto market and shaping the next wave of innovation.
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To reflect the dynamic nature of the cryptocurrency industry, the index can evolve over time to represent the largest and most liquid investable crypto assets.
Dovile Silenskyte, Director, Digital Assets Research, WisdomTree, said:
“2024 set the stage for what could be a defining 2025 for the cryptocurrency market. As innovation progresses, regulatory frameworks evolve, and adoption grows steadily, the environment appears increasingly supportive of this asset class. The changing macroeconomic environment may further enhance this outlook, creating conditions that could benefit the cryptocurrency market, including coins beyond bitcoin and ether. Taking a broad and diversified approach through the CoinDesk 20, the world’s most traded crypto index, provides a practical way to access opportunities across the digital asset market.”
The launch of the first CoinDesk 20 ETP with WisdomTree is being hailed as a defining moment for digital asset investing in Europe. The CoinDesk 20 provides institutional investors with a streamlined way to access the largest digital assets beyond Bitcoin.
Key benchmark for crypto market participants
Since its launch in January 2024, the CoinDesk 20 has rapidly become a key benchmark for market participants, with over $14bn in trading volume – highlighting the growing interest in diversified digital asset exposure.
In 2019, WisdomTree became the first established ETP issuer to provide European investors with an institutional-grade physically backed cryptocurrency exposure with the launch of the WisdomTree Physical Bitcoin ETP. Today, WisdomTree manages $1.6bn[5 across a thoughtfully curated range of 10 physically backed institutional-grade crypto ETPs that provide a simple, secure and low-cost way to gain exposure to single coins, such as Bitcoin and Ether, and to diversified crypto baskets, such as the WisdomTree Physical CoinDesk 20 ETP.
Alexis Marinof, Head of Europe, WisdomTree, added:
“Investors are familiar with using ETFs and ETPs to track established benchmarks, yet until today it has not been possible to track the world’s most traded crypto index. Through our collaboration with CoinDesk, European investors can now access the first and only ETP tracking the CoinDesk 20 index. With 40% of European professional investors expecting to increase their crypto allocation[6], the asset class represents one of the most exciting investment opportunities for 2025. This ETP provides a highly diversified entry point into the crypto ecosystem, further democratising access to a historically difficult part of the market to get exposure to.”
WisdomTree was the European crypto ETP flow leader in 2024 with $520m of net new flows.
