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WisdomTree Lists 3 Crypto Basket ETPs in Europe

The funds are passported for sale across 12 European Union countries plus Norway and Switzerland.

Asset manager WisdomTree has listed a trio of crypto basket exchange-traded products (ETPs) on Swiss stock exchange SIX and Frankfurt-based Börse Xetra.

  • The ETPs, which track proprietary indices developed by WisdomTree, are the WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight (MEGA).
  • BLOC offers exposure to the most established crypto assets, which represent around 70% of the cryptocurrency market cap, such as bitcoin, ether, bitcoin cash and litecoin. To avoid overexposure to bitcoin and ether, however, the combined allocation to the two is capped at 75%.
  • WALT is focused on altcoins, such as cardano, bitcoin cash, litecoin, polkadot and solana. It excludes bitcoin and ether.
  • MEGA conversely focuses solely on bitcoin and ether as the market’s two “mega cap” assets.
  • The funds are passported for sale across 12 European Union countries plus Norway and Switzerland.

This article was originally published on Coindesk by Jamie Crawley

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