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Home » Features » WisdomTree expands cryptocurrency ETF range with trio of launches in Switzerland

ETF fund manager WisdomTree Asset Management has expanded its digital assets product range with the launch of three new physically-backed cryptocurrency basket ETPs. The WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight (MEGA) ETPs, listed today on SIX, the Swiss stock exchange, and Börse Xetra, and are passported for sale across the European Union.

The ETPs track proprietary indices developed by WisdomTree in collaboration with CF Benchmarks.

“We believe in the power of this new asset class,” said Jason Guthrie, Head of Digital Assets, Europe, WisdomTree. “It is a truly transformative technology and the pace of innovation in the space is staggering.” There is now $2.6 trillion dollars of value captured by the asset class, which didn’t exist pre-2009.

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.

WisdomTree Crypto Market (BLOC)

BLOC is a free-float market cap weighted ETP, providing exposure to a diversified basket of crypto assets representing circa 70% of the cryptocurrency market cap. This product is designed for those looking for a broad exposure to the liquid, established end of the crypto market.

The ETP’s underlying index is currently comprised of Bitcoin, Ethereum, Cardano, Bitcoin Cash, Litecoin, Polkadot and Solana. The ETP rebalances on an annual basis to capture the momentum of the digital asset ecosystem market as it grows. Due to the market cap of Bitcoin and Ethereum, the combined weighting of these crypto assets in the ETP is capped at 75%, with individual constituents capped at a max weighting of 45% and a minimum allocation of 2.5% per crypto asset. BLOC has a total expense ratio (TER) of 1.45%.

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WisdomTree Crypto Altcoins (WALT)

WALT is a free-float market cap weighted ETP providing exposure to a diversified basket of altcoins. The ETP provides exposure to major coins excluding BTC and ETH and was designed for investors who already have exposure to the mega cap coins (BTC & ETH) and want to diversify their exposure without changing their existing holdings.

The ETP’s underlying index is currently comprised of Cardano, Bitcoin Cash, Litecoin, Polkadot and Solana. The ETP also rebalances on an annual basis to capture the momentum of the digital asset ecosystem market as it grows. Individual constituents are capped at a max weighting of 50% and a minimum allocation of 2.5% per crypto asset. WALT has a TER of 1.45%.

WisdomTree Crypto Mega Cap Equal Weight (MEGA)

MEGA provides an equal weighted allocation to mega cap crypto assets, currently Bitcoin (BTC) and Ethereum (ETH) with a quarterly rebalance. It is the lowest priced physically-backed cryptocurrency basket ETP in Europe, with a TER of 0.95%. The ETP provides investors with a simple, secure, and cost-efficient way to gain exposure to the mega cap portion of the cryptocurrency market. WisdomTree says it expects this product to be appealing to those seeking diversified exposure to the most established cryptocurrencies and investors wanting to capture potential outperformance delivered through regularly rebalancing back to an equal weighted exposure.

“We are evolving our offering and building a proposition that is built around the client and innovation,” said Alexis Marinof, Head of Europe, WisdomTree. “We are committed to supporting the needs of investors by producing high-quality research, providing superior client engagement, and building best-in-class products. As the asset class become a bigger focus for investors, we will continue to invest in our platform and capabilities to ensure we’re at the cutting edge.”

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Graeme Andrew

Graeme Coles-Andrew

Graeme is Head of Technology at the Armchair Trader. He has worked in online financial investment publishing since 2000 as a website developer, advertising operations manager, data scientist and all-round go-to guy for online technical solutions.

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