WisdomTree adds crypto basket to its range

News Team, 30/11/2021

ETF provider WisdomTree has listed a trio of crypto exchange-traded products on Swiss stock exchange SIX and Frankfurt-based Börse Xetra.

The products, which track proprietary indices developed by WisdomTree, are the WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight (MEGA).

The crypto market fund offers exposure to the most established crypto assets, which represent around 70 percent of the cryptocurrency market cap, such as bitcoin, ether, bitcoin cash and litecoin.

To avoid overexposure to bitcoin and ether, however, the combined allocation to the two is capped at 75 percent.

The crypto altcoins fund is focused on currencies such as cardano, bitcoin cash, litecoin, polkadot and solana. It excludes bitcoin and ether.

Conversely, the crypto mega cap equal weight fund focuses solely on bitcoin and ether as the market’s two “mega-cap” assets.

All the funds are passported for sale across 12 European Union countries plus Norway and Switzerland.

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