WisdomTree kicks off ETPs in Europe tracking Solana, Cardano, and Polkadot

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New York-based ETF manager WisdomTree has launched three crypto exchange-traded products, tracking the performance of Solana, Cardano, and Polkadot, in Europe.

Launched this Tuesday, the physically-backed crypto products, WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW), and WisdomTree Polkadot (DOTW), are listed on the Swiss stock exchange SIX and Börse Xetra in Germany. Additionally, the ETPs will also be listed on Euronext exchanges in Paris and Amsterdam on March 31st, the announcement further added.

The three crypto ETPs are also available for sale across Europe, specifically in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden, and Switzerland.

In November last year, WisdomTree listed three European crypto basket ETPs that follow the asset manager’s indices developed in collaboration with CF Benchmarks. With the latest products, WisdomTree now offers a total of eight crypto ETFs in Europe. Alexis Marinof, Head of Europe, WisdomTree, said in the news release:

“Interesting and different use cases for the likes of Solana, Cardano and Polkadot represent the next stage of evolution for this young asset class. While bitcoin and Ethereum grab the headlines, altcoins are now viable options for many institutional investors, providing more options to diversify their crypto holdings just like they would with any other asset class.”

Although several physical-backed crypto ETFs and ETPs have been made available across the European region, the same cannot be the United States. Investors in the country are still waiting for the SEC to approve a spot crypto ETF.

WisdomTree, whose first spot Bitcoin ETF application was denied in December last year, submitted the proposal again after making some changes in the first filing. Last week, the SEC again postponed its decision on the proposal.

 

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