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WisdomTree’s Bitcoin ETP Listed on German Xetra Exchange

WisdomTree has announced the listing of its physically backed Bitcoin Exchange Traded Product (ETP) on Deutsche Börse’s Xetra platform.

The placement of the investment instrument on the stock exchange in Germany followed after receiving approval from the Swedish regulator for the distribution of ETP in the European Union.

“Certification of WisdomTree Bitcoin in the EU has been our ambitious task since we decided to launch the cryptocurrency ETP, and the evolving regulatory landscape made it possible,” said Alexis Marinov, head of the European division of the company.

The product allows investors to access the first cryptocurrency without having to store it or interact in any way with the blockchain and digital asset infrastructure, WisdomTree explained.

“Bitcoin has become a hot investment topic and will continue to grow in popularity among professional investors. A mature market ecosystem, positive corporate news and significant price increases have helped boost sentiment, prompting investment managers to take a closer look at this asset class, ”the company said in a statement.

Since March, Coinbase Custody has been the custodian for WisdomTree Bitcoin.

Prior to listing on Xetra, the product was traded on the SIX Swiss Exchange, the largest Swiss stock exchange.

Recall that the listing of this site also includes four cryptocurrency ETPs with physical collateral from the British company CoinShares. In January 2021, a Bitcoin-based product began trading on the Swiss exchange, and Ethereum-ETP was added to it in February.

In April, the firm launched similar instruments based on Litecoin and XRP on the platform.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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