Cryptocurrency

WisdomTree launches Solana, Cardano and Polkadot ETPs in Europe

WisdomTree Investments, Inc.

ETPs present publicity to rising components of the crypto ecosystem

NEW YORK, March 31, 2022 (GLOBE NEWSWIRE) — WisdomTree, an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor, has as we speak added three new physically-backed cryptocurrency ETPs to its crypto asset product vary.

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On March 29, 2022, WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW) ETPs have been listed on Börse Xetra and SIX, the Swiss Inventory Alternate and as we speak have been listed on Euronext exchanges in Amsterdam and Paris. The ETPs have a complete expense ratio (TER) of 0.95%, at present the bottom charges for ETPs offering entry to those altcoins in Europe, and are passported on the market throughout the European Union.

The ETPs are designed to supply buyers a easy, safe and cost-efficient strategy to achieve publicity to the worth of Solana, Cardano and Polkadot. Buyers can also achieve publicity to those crypto belongings via WisdomTree’s diversified crypto asset basket ETPs, WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT). The brand new ETPs have the potential to ship staking rewards1 to buyers.

Jason Guthrie, Head of Digital Belongings, Europe, WisdomTree mentioned: “We need to present buyers with a spread of crypto asset exposures, whether or not that be via diversified baskets or single trackers. A key element to our strategy is launching methods which is able to resonate with institutional buyers. These must be crypto belongings that are liquid sufficient for institutional use, are supported by the ETP market contributors and have clear use circumstances. Because the crypto asset market evolves, so too will the ETP ecosystem which is required for extra institutional adoption. We are going to proceed to boost and broaden our product vary, supporting buyers on their journey into crypto belongings.”

Created in 2017, Solana is a layer-1 good contract platform2 that goals to broaden transaction throughput at a a lot decrease value in comparison with Ethereum. It makes use of a Proof of Stake (PoS) consensus mannequin to safe the community however contains a new timestamp system referred to as Proof of Historical past (PoH) that permits mechanically ordered transactions. Though the mainnet was launched in 2020 and continues to be in beta testing stage, Solana has gained recognition with use circumstances corresponding to constructing decentralized social networks, blockchain gaming, and decentralized exchanges.

Cardano was created in 2015 as a layer-1 good contract platform as a substitute for the Ethereum community. It’s constructed with a two-layer construction for enhanced safety and make the most of the PoS consensus mannequin. Cardano delivered its good contract performance in 2021, and may see extra decentralized functions to be used circumstances corresponding to training credential verification, retail product counterfeiting and in finance for Know Your Buyer/Anti-Cash Laundering checks.

Polkadot was created in 2016 with a give attention to interoperability between varied blockchains for transferring information or belongings. It makes use of a Proof of Authority mannequin and is designed with a governance mannequin which means the community doesn’t must be forked when incorporating upgrades. It hosts all kinds of use circumstances together with decentralized exchanges, information processors and bridging options.

By way of WisdomTree’s cryptocurrency ETPs, buyers can conveniently entry a spread of crypto belongings with out the necessity to maintain them immediately, retailer personal entry keys or work together with the blockchain or digital forex infrastructure in any manner. Buyers additionally get entry to institutional grade storage options without having to set it up with a custodian themselves. To make sure the best stage of safety, WisdomTree leverages regulated, institutional-grade digital forex custodians who keep extremely safe chilly storage services.

Alexis Marinof, Head of Europe, WisdomTree, added: “Digital belongings are an thrilling and rising asset class, which is constant to seize the creativeness of buyers. Attention-grabbing and totally different use circumstances for the likes of Solana, Cardano and Polkadot symbolize the subsequent stage of evolution for this younger asset class. Whereas bitcoin and Ethereum seize the headlines, altcoins are actually viable choices for a lot of institutional buyers, offering extra choices to diversify their crypto holdings identical to they’d with another asset class.”

WisdomTree has additionally listed Swiss Franc buying and selling traces for the SIX listed WisdomTree Bitcoin and WisdomTree Ethereum ETPs.

WisdomTree now has eight crypto asset ETPs, with SOLW, ADAW and DOTW including to WisdomTree Bitcoin (BTCW), WisdomTree Ethereum (ETHW), WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight ETPs (MEGA). WisodmTree’s complete crypto asset ETP vary is obtainable through Börse Xetra, SIX, the Swiss Inventory Alternate and on Euronext exchanges in Amsterdam and Paris.

SOLW, ADAW and DOTW are passported on the market in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Eire, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden and Switzerland.

Product data

Itemizing Title

TER

Alternate

Buying and selling Ccy

Alternate Code

ISIN

WisdomTree Solana

0.95

%

SIX

USD

SOLW

GB00BNGJ9G01

WisdomTree Solana

0.95

%

SIX

CHF

SOLW

GB00BNGJ9G01

WisdomTree Solana

0.95

%

Euronext Amsterdam

USD

SOLW

GB00BNGJ9G01

WisdomTree Solana

0.95

%

Euronext Paris

EUR

SOLW

GB00BNGJ9G01

WisdomTree Solana

0.95

%

Börse Xetra

EUR

DSOL

GB00BNGJ9G01

WisdomTree Cardano

0.95

%

SIX

USD

ADAW

GB00BNGJ9J32

WisdomTree Cardano

0.95

%

SIX

CHF

ADAW

GB00BNGJ9J32

WisdomTree Cardano

0.95

%

Euronext Amsterdam

USD

ADAW

GB00BNGJ9J32

WisdomTree Cardano

0.95

%

Euronext Paris

EUR

ADAW

GB00BNGJ9J32

WisdomTree Cardano

0.95

%

Börse Xetra

EUR

WADA

GB00BNGJ9J32

WisdomTree Polkadot

0.95

%

SIX

USD

DOTW

GB00BNGJ9H18

WisdomTree Polkadot

0.95

%

SIX

CHF

DOTW

GB00BNGJ9H18

WisdomTree Polkadot

0.95

%

Euronext Amsterdam

USD

DOTW

GB00BNGJ9H18

WisdomTree Polkadot

0.95

%

Euronext Paris

EUR

DOTW

GB00BNGJ9H18

WisdomTree Polkadot

0.95

%

Börse Xetra

EUR

XDOT

GB00BNGJ9H18

Discover out extra: https://www.wisdomtree.eu/en-gb/methods/crypto-currency

For additional data, please contact:
Jessica Zaloom, Head of Company Communications and Public Relations, +1 917 267 3735 / [email protected]
Arran Fano, PR and Communications, +44 20 7448 4336 / [email protected]

About WisdomTree

WisdomTree Investments, Inc., via its subsidiaries in the U.S. and Europe (collectively, “WisdomTree”), is an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset supervisor headquartered in New York. WisdomTree gives merchandise protecting fairness, commodity, mounted earnings, leveraged and inverse, forex, cryptocurrency and various methods. WisdomTree at present has roughly $79.4 billion in belongings beneath administration globally.

WisdomTree® is the advertising and marketing title for WisdomTree Investments, Inc. and its subsidiaries worldwide.

IMPORTANT INFORMATION
Communications issued in the European Financial Space (“EEA”): This doc has been issued and accepted by WisdomTree Eire Restricted, which is allowed and regulated by the Central Financial institution of Eire.

Communications issued in jurisdictions exterior of the EEA: This doc has been issued and accepted by WisdomTree UK Restricted, which is allowed and regulated by the UK Monetary Conduct Authority.

WisdomTree Eire Restricted and WisdomTree UK Restricted are every known as “WisdomTree” (as relevant). Our Conflicts of Curiosity Coverage and Stock can be found on request.

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An funding in exchange-traded merchandise (“ETPs”) relies on the efficiency of the underlying index, much less prices, however it’s not anticipated to match that efficiency exactly. ETPs contain quite a few dangers together with amongst others, basic market dangers referring to the related underlying index, credit score dangers on the supplier of index swaps utilized in the ETP, alternate fee dangers, rate of interest dangers, inflationary dangers, liquidity dangers and authorized and regulatory dangers.

The data contained in this doc just isn’t, and in no way is to be construed as, an commercial or another step in furtherance of a public providing of shares in the US or any province or territory thereof, the place not one of the issuers or their merchandise are approved or registered for distribution and the place no prospectus of any of the issuers has been filed with any securities fee or regulatory authority. No doc or data in this doc ought to be taken, transmitted or distributed (immediately or not directly) into the US. Not one of the issuers, nor any securities issued by them, have been or will likely be registered beneath the US Securities Act of 1933 or the Funding Firm Act of 1940 or certified beneath any relevant state securities statutes.

This doc could include unbiased market commentary ready by WisdomTree primarily based on publicly out there data. Though WisdomTree endeavors to make sure the accuracy of the content material in this doc, WisdomTree doesn’t warrant or assure its accuracy or correctness. Any third-party information suppliers used to supply the knowledge in this doc make no warranties or illustration of any sort referring to such information. The place WisdomTree has expressed its personal opinions associated to product or market exercise, these views could change. Neither WisdomTree, nor any affiliate, nor any of their respective officers, administrators, companions, or workers accepts any legal responsibility in anyway for any direct or consequential loss arising from any use of this doc or its contents. This doc could include ahead trying statements together with statements concerning our perception or present expectations almost about the efficiency of sure belongings courses and/or sectors.

Ahead trying statements are topic to sure dangers, uncertainties and assumptions. There may be no assurance that such statements will likely be correct and precise outcomes may differ materially from these anticipated in such statements. WisdomTree strongly recommends that you don’t place undue reliance on these forward-looking statements.

The merchandise mentioned in this doc are issued by WisdomTree Issuer X Restricted (the “Issuer”). Buyers ought to learn the prospectus of the Issuer earlier than investing and ought to discuss with the part of the prospectus entitled “Danger Elements” for additional particulars of dangers related to an funding in the securities supplied by the Issuer.

Securities issued by the Issuer are direct, restricted recourse obligations of the Issuer alone and usually are not obligations of or assured by any of Swissquote Financial institution Ltd (“Swissquote”), Coinbase Custody Belief Firm LLC (“Coinbase”), any of their associates or anybody else or any of their associates. Every of Swissquote and Coinbase disclaims all and any legal responsibility whether or not arising in tort, contract or in any other case which it might need in respect of this doc or its contents in any other case arising in connection herewith.

The product mentioned in this doc is an unregulated ETP, accepted to commerce on the SIX Swiss Alternate in Switzerland, Euronext Paris, Euronext Amsterdam and the Deutsche Börse Xetra in Germany. Cryptocurrencies are a high-risk funding and might not be appropriate for all sorts of investor. Potential buyers ought to be conscious that the worth of the underlying asset(s) by which the securities are secured can exhibit greater volatility than different asset courses and consequently the worth of the securities could also be extraordinarily unstable. You could make sure that the character, complexity and dangers related to cryptocurrencies are appropriate to your goals in gentle of your circumstances and monetary place.

CF BENCHMARKS LTD DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR CERTAIN WISDOMTREE PRODUCTS. CF BENCHMARKS LTD, ITS LICENSORS AND AGENTS HAVE NO OTHER CONNECTION TO WISDOMTREE PRODUCTS AND SERVICES AND DO NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY WISDOMTREE PRODUCTS OR SERVICES. CF BENCHMARKS ITS LICENSORS AND AGENTS HAVE NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE WISDOMTREE PRODUCTS AND SERVICES. CF BENCHMARKS ITS LICENSORS AND AGENTS DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY INDEX LICENSED TO WISDOMTREE AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.

1 Proof-of-Stake permits customers to stake their token holdings in order to turn into validators of the community. Validators course of transactions and safe a community. In alternate, validators are rewarded with extra belongings from the community.
2 Decentralized functions may be constructed on good contract platforms. These decentralized functions make the most of good contracts, that are scripts that execute primarily based on exterior occasions.

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