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WisdomTree Launches First CoinDesk 20 ETP for European Investors
Hong Kong – Investors in Europe can now get direct exposure to the CoinDesk 20, an index representing the largest crypto assets, thanks to a new exchange-traded product (ETP) from WisdomTree launched at Consensus Hong Kong.
A Defining Moment for Digital Asset Investing in Europe
“The launch of the first CoinDesk 20 ETP with WisdomTree is a defining moment for digital asset investing in Europe,” said Alan Campbell, President of CoinDesk Indices. “The CoinDesk 20 provides institutional investors with a streamlined way to access the largest digital assets beyond Bitcoin.”
Introducing the Physical CoinDesk 20 ETP
WisdomTree’s Physical CoinDesk 20 ETP (WCRP) offers exposure to the digital assets listed on the CoinDesk 20, in a similar way to other ETPs that offer exposure to traditional finance’s S&P 500 or the NASDAQ.
Listing on Major European Exchanges
WCRP is listed on Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam.
Staking Yield Component
Additionally, WCRP generates a staking yield, allowing investors to benefit from rewards earned by helping secure the underlying blockchain networks.
The CoinDesk 20 Index
The CoinDesk 20 Index, launched in January 2024, has quickly become a key benchmark for digital asset investors, with over $14 billion in trading volume in its first year.
Conclusion
The launch of WCRP marks a significant milestone in the development of digital asset investing in Europe, providing institutional investors with a streamlined way to access the largest digital assets beyond Bitcoin. With its listing on major European exchanges and staking yield component, WCRP is poised to offer investors a unique opportunity to benefit from the growth of the digital asset market.
FAQs
Q: What is the CoinDesk 20 Index?
A: The CoinDesk 20 Index is an index that represents the largest digital assets, beyond Bitcoin.
Q: What is the Physical CoinDesk 20 ETP?
A: The Physical CoinDesk 20 ETP (WCRP) offers exposure to the digital assets listed on the CoinDesk 20 Index.
Q: Where is WCRP listed?
A: WCRP is listed on Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam.
Q: What is the staking yield component of WCRP?
A: WCRP generates a staking yield, allowing investors to benefit from rewards earned by helping secure the underlying blockchain networks.
Q: What is the trading volume of the CoinDesk 20 Index?
A: The CoinDesk 20 Index has seen over $14 billion in trading volume in its first year.