United States-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange-traded product (ETP). On Dec. 2, WisdomTree listed its Crypto Mega Cap Equal Weight ETP on Euronext exchanges in Paris and Amsterdam. Trading under the ticker symbol MEGA, the investment product is backed by physical crypto assets, including Bitcoin and Ether, with a quarterly rebalance.
MEGA was previously listed on Deutsche Boerse’s digital exchange Xetra and Swiss SIX exchange.
Launched in November 2021, MEGA was previously listed on Deutsche Boerse’s digital exchange Xetra and Swiss SIX exchange. BLOC provides exposure to a basket of crypto assets representing 70% of the crypto market cap, including coins like BTC, Ether, Cardano, Bitcoin Cash, and others. WALT provided exposure to major coins excluding BTC and ETH and was designed for investors who already have exposure to the mega-cap coins. Both ETPs debuted on Boerse Xetra and SIX in late November 2021.
U.S. asset managers are increasingly listing their crypto investment products in Europe.
U.S. asset managers are increasingly listing their crypto investment products in Europe amid regulatory hurdles in the United States. Despite the U.S. SeU.S.-based asset manager company WisdomTree is listing its crypto basket exchange-traded product (ETP) on Euronext.curities and Exchange Commission (SEC) having approved several BTC futures-based exchange-traded funds (ETFs) since October, U.S. investors have still been waiting for a spot BTC ETF. As reported earlier, the U.S. SEC delayed its decision on WisdomTree’s Bitcoin ETF with a request for public feedback in July 2021 after the firm filed for the investment product in March.