WisdomTree Adds Solana, Cardano, Polkadot ETPs
  • WisdomTree launched three additional physically-backed crypto ETPs.
  • These are WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW).
  • The ETPs currently have the cheapest fees for ETPs for the three altcoins in Europe.

WisdomTree, an American exchange-traded fund (ETF) provider, expanded its cryptocurrency products in Europe. Now, it has launched three additional crypto exchange-traded products (ETPs) backed by Solana (SOL), Cardano (ADA), and Polkadot (DOT).

Several major European exchanges like Deutsche Boerse’s Xetra, the Swiss SIX exchange, and the Swiss Stock Exchange have already listed the ETPs. Euronext also offers these ETPs in Amsterdam and Paris. 

SOLW, ADAW, and DOTW currently have the cheapest fees for ETPs laying out access to these altcoins in Europe. Specifically, they have a total expense ratio (TER) of 0.95%. The ETPs will offer additional options to European customers to Solana, Cardano, and Polkadot through regulated exchanges. 

“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,” said Alexis Marinof, WisdomTree’s head of Europe.

He also emphasized that “altcoins are now viable options for many institutional investors.”

The new ETPs are available in several European countries. These include Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden, and Switzerland.

With the inclusion of SOLW, ADAW, and DOTW to the growing crypto asset products offered by WisdomTree in Europe, the ETF provider now has a total of eight crypto ETPs, joining products such as WisdomTree Bitcoin (BTCW), WisdomTree Ethereum (ETHW), WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight ETPs (MEGA).

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