Financial management firm WisdomTree launches 3 cryptocurrency ETPs in Europe

Asset management firm WisdomTree listed three of the most traded cryptocurrencies (ETPs) on the Swiss stock exchange SIX and Frankfurt on Xetra on November 29. These ETPs are compatible to follow the products developed by WisdomTree: WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight (MEGA). Among them, BLOC offers investments in the largest cryptocurrency companies such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, which account for around 70% of the cryptocurrency market. However, to avoid overexposure to Bitcoin and Ethereum, the combined quota is capped at 75%. WALT focuses on altcoins such as Cardano, Bitcoin Money, Litecoin, Polkadot, and Solana. MEGA focuses on Bitcoin and Ethereum. The funds would be sold in 12 EU countries, Norway and Switzerland. (Parts office)