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US Asset Manager WisdomTree Completed EU Listing For Crypto ETP

By | December 3, 2021
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The number of America-headquartered firms listing crypto-centric offerings in the EU is on the rise, with asset manager WisdomTree completing a listing for its crypto basket exchange-traded product (ETP).

Specifically, on December 2nd, WisdomTree reportedly finalized the listing of its Crypto Mega Cap Equal Weight ETP across Euronext exchanges in Paris and Amsterdam.

Trading under the ticker symbol MEGA, the investment offering will reportedly receive the backing from physical crypto assets, nominally Bitcoin (BTC) and Ether (ETH), with a rebalance on a quarterly basis. 

Established in November this year, MEGA was previously listed on Deutsche Boerse’s digital exchange Xetra and Swiss SIX exchange.

Additionally to MEGA, WisdomTree further carried out the listing of two extra crypto ETPs recently, including WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoin (WALT).

BLOC reportedly offers exposure to a wide array of digital coins, making up 70% of the crypto market cap, including coins like BTC, Ether, Cardano (ADA), Bitcoin Cash (BCH) and others. 

WALT also offers exposure to major coins that are not BTC and ETH, built to cater to investors who already had exposure to the mega-cap coins. 

Both ETPs had their debuts across Boerse Xetra and SIX in late November this year.

More and more U.S. asset managers are completing their listings of crypto investment offerings in the EU, during the setbacks on regulations going on in the US. 

Regardless of the US SEC’s approval towards a variety of BTC futures-based exchange traded funds (ETF) since October, U.S. investors have still been waiting for a spot BTC ETF.

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