HONG KONG – Traders in Europe can now get direct publicity to the CoinDesk 20, an index representing the most important crypto belongings, because of a brand new exchange-traded product (ETP) from WisdomTree launched at Consensus Hong Kong.
“The launch of the primary CoinDesk 20 ETP with WisdomTree is a defining second for digital asset investing in Europe,” Alan Campbell, President of CoinDesk Indices, said in a release. “The CoinDesk 20 offers institutional traders with a streamlined technique to entry the most important digital belongings past Bitcoin.”
WisdomTree’s Bodily CoinDesk 20 ETP (WCRP) presents publicity to the digital belongings listed on the CoinDesk 20, in an identical technique to different ETPs that provide publicity to conventional finance’s S&P 500 or the NASDAQ.
WCRP is listed on Deutsche Börse Xetra, the Swiss Inventory Alternate SIX, and Euronext exchanges in Paris and Amsterdam.
Moreover, WCRP generates a staking yield, permitting traders to learn from rewards earned by serving to safe the underlying blockchain networks.
The CoinDesk 20 Index, launched in January 2024, has rapidly grow to be a key benchmark for digital asset traders, with over $14 billion in buying and selling quantity in its first yr.
