Fund Manager Wisdomtree has recently launched three crypto-asset exchange-traded products (ETPs). Wisdomtree also announced that they’ll include new funds such as Wisdometree Solana (SOLW), Wisdomtree Cardano (ADAW), and Wisdomtree Polkadot (DOW).
Also, the fund manager stated that they’ll list all these new crypto ETPs on Euronext exchanges in Amsterdam and Paris. Interested investors can have a look at it from March 31st. The fund manager’s ETP announcement adds:
“The ETPs have a total expense ratio (TER) of 0.95%, currently the lowest fees for ETPs providing access to these altcoins in Europe, and are passported for sale across the European Union.”
In addition to that, it also mentioned the ease of use, simplicity, and cost-efficient characteristics of their ETPs:
“The ETPs are designed to offer investors a simple, secure, and cost-efficient way to gain exposure to the price of Solana, Cardano, and Polkadot. Investors can also gain exposure to these crypto-assets through Wisdomtree’s diversified crypto-asset basket ETPs.“
Besides Wisdomtree, many companies had launched crypto ETPs this year. Moreover, interest and demand for digital asset investment vehicles have grown significantly. Some of the latest crypto ETPs are from firms like Amun AG, Ficas, Van Eck, and Grayscale Investments.
However, Jason Guthrie, head of digital assets at Wisdomtree said that they wanted to have a diversified portfolio option for investors:
“We want to provide investors with a range of crypto-asset exposures, whether that be through diversified baskets or single trackers. A key component to our approach is launching strategies which will resonate with institutional investors.”
Due to the launch of new crypto ETPs, Solana (SOL) has rallied upwards of 25.5% against U.S. dollar. On the other hand, Cardano (ADA) has rallied upwards of 33% against U.S. Dollar.