What You Need to Know:
- WisdomTree’s Physical CoinDesk 20 ETP (WCRP) provides exposure to digital assets listed on the CoinDesk 20.
- WCRP is available on Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam.
HONG KONG – Thanks to a new exchange-traded product (ETP) from WisdomTree, European investors can now gain direct access to the CoinDesk 20, which indexes the largest crypto assets, launched at Consensus Hong Kong.
“The launch of the first CoinDesk 20 ETP with WisdomTree is a defining moment for digital asset investing in Europe,” Alan Campbell, President of CoinDesk Indices, stated in a release. “The CoinDesk 20 provides institutional investors with a streamlined way to access the largest digital assets beyond Bitcoin.”
WisdomTree’s Physical CoinDesk 20 ETP (WCRP) allows exposure to the digital assets on the CoinDesk 20, akin to existing ETPs that track traditional financial indices like the S&P 500 or NASDAQ.
Additionally, WCRP offers staking yield, enabling investors to earn rewards by helping secure the underlying blockchain networks. The CoinDesk 20 Index, which debuted in January 2024, has swiftly become an essential benchmark for digital asset investors, boasting over $14 billion in trading volume within its first year.
