WisdomTree Introduces Cryptocurrency Index-Based Exchange-Traded Product

WisdomTree has introduced a new exchange-traded product (ETP) that offers exposure to the largest digital assets listed on the CoinDesk 20 Index.

The Physical CoinDesk 20 ETP (WCRP) allows investors to gain direct exposure to the digital assets included in the CoinDesk 20 Index. This ETP is listed on several major exchanges, including Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam.

In addition to providing exposure to the largest digital assets, WCRP also generates a staking yield. This means that investors can benefit from rewards earned by helping secure the underlying blockchain networks. The CoinDesk 20 Index has quickly become a key benchmark for digital asset investors, with over $14 billion in trading volume in its first year.

The launch of WCRP was announced at Consensus Hong Kong and marks an important milestone for digital asset investing in Europe. According to Alan Campbell, President of CoinDesk Indices, ‘The launch of the first CoinDesk 20 ETP with WisdomTree is a defining moment for digital asset investing in Europe.‘ He added that the CoinDesk 20 provides institutional investors with a streamlined way to access the largest digital assets beyond Bitcoin.

The CoinDesk 20 Index was launched in January 2024 and has since become a widely followed benchmark for digital asset investors. It represents the largest crypto assets, offering a convenient way for investors to gain exposure to this growing market.