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Crypto investors in Europe now have more options to choose from with the recent listing of various crypto exchange-traded products (ETPs) in two bourses. Investment firms 21Sharers, VanEck, WisdomTree, and the ETC Group listed their Bitcoin (BTC) and Ether (ETH) ETPs on Tuesday, June 1, on the Euronext stock exchanges in Paris and Amsterdam, according to Coindesk.
Switzerland-based 21Shares, which was formerly known as Amun, listed three exchange-traded products on the Euronext Paris stock exchange. The products will give crypto investors exposure to Bitcoin and Ether with a total expense ratio (TER) of 1.49 percent.
“The listing of our products in euros on Euronext Paris was a major step for us because it allows members of the Euronext markets, whether they are in Paris or Amsterdam, to have access to them,” 21Shares managing director for ETP Laurent Kssis said. “There was no particular interest in having a dual listing for the same products. On the other hand, we will launch our trackers in dollars on the Euronext Amsterdam to meet the demand of European institutional investors who don’t have access to the Swiss SIX exchange.”
VanEck also listed its VanEck Vectors Bitcoin exchange-traded note (ETN) and VanEck Vectors Ethereum ETN, which have a TER of 1 percent. The New York-based investment management firm listed the products on both Euronext Paris and Euronext Amsterdam.
WisdomTree also listed its WisdomTree Bitcoin and WisdomTree Ethereum products, both of which have a total expense ratio of 0.95 percent. The New York-based ETF sponsor and index developer listed the ETPs on both the Euronext Amsterdam and Euronext Paris exchanges.
“This milestone represents the growing acceptance of cryptocurrencies, the evolving European regulatory landscape, and the latest signal that digital assets are here to stay,” WisdomTree head of digital assets in EuropeJason Guthrie said.
The ETC Group also listed two exchange-traded commodities (ETCs) on both the Euronext Paris and Euronext bourses. Distributed and marketed by HANetf, the BTCetc – ETC Group Physical Bitcoin has a TER of 2 percent while the ETHetc – ETC Group Physical Ethereum has a TER of 1.49 percent.
“Whilst ETC Group’s listings in Germany and Switzerland are open to international as well as local investment, we recognize the benefits of listing on more country exchanges to make it easier for local investors to gain access to secure, regulated digital assets-backed securities,” ETC Group CEO Bradley Duke said, according to etfexpress.com. “These latest listings in Paris and Amsterdam, both key financial hubs in Europe, increase the availability and ease of access to our ETC products for a wider range of institutional investors.”
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