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American companies are increasingly listing cryptocurrency-based investment products in Europe, and asset management company WisdomTree’s cryptocurrency basket exchange-traded product (ETP) is listed again.
December 2, the tree of wisdom Listed Its Crypto Mega Cap Equal Weight ETP on Euronext Paris and Amsterdam.
The investment product is traded under the stock code MEGA and is backed by physical encrypted assets including Bitcoin (Bitcoin) And ether (Ethereum) Perform quarterly rebalancing. MEGA was launched in November 2021, before Listed On the digital exchange Xetra of the Deutsche Börse and the Swiss Sixth Exchange.
In addition to MEGA, WisdomTree recently launched two other encrypted ETPs, including WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoin (WALT).
BLOC provides exposure to a package of crypto assets, which account for 70% of the crypto market value, including BTC, Ether, Cardano (Have), Bitcoin Cash (Bitcoin cash) And others. WALT provides exposure to major coins other than BTC and ETH, and is designed for investors who have been exposed to large-cap coins. Both ETPs will debut on Boerse Xetra and SIX in late November 2021.
related: Invesco launches spot Bitcoin ETP on Deutsche Börse
Due to regulatory obstacles in the United States, US asset management companies are increasingly listing their crypto investment products in Europe. Although the U.S. Securities and Exchange Commission (SEC) has approved many exchange-traded funds (ETFs) based on BTC futures since October, U.S. investors are still waiting for the spot BTC ETF.
this The U.S. Securities and Exchange Commission postponed its decision on the Wisdom Tree Bitcoin ETF The company requests public feedback in July 2021 Apply for investment products March.
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