WisdomTree Adds Solana, Cardano, Polkadot ETPs

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).

disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.