WisdomTree's Bitcoin ETP Listed On German Stock Exchange

WisdomTree's Bitcoin ETP Listed On German Stock Exchange

WisdomTree announced that it has listed its own Sponsored Bitcoin product on Germany's Xetra exchange. ETP, already listed on Switzerland's SIX Stock Exchange, had been allowed to be listed across the European Union.

According to expansion, WisdomTree has moved its physically secured Bitcoin product to Germany. Stock market products that track the value of an index or asset are known for their low cost and easy access to hard-to-reach assets.

"Regulations made it possible”

WisdomTree recently obtained the necessary permission to list its Bitcoin ETP across the European Union. Alexis Marinof, the company's European official, said: “since the day we set up WisdomTree Bitcoin, we have been trying to get him an EU passport. Developments on the regulatory side have now made this possible." said.

Institutional investors in the European Union will be able to jump into the world of Bitcoin using WisdomTree's stock market product. The size of the ETP traded in code BTCW was $ 372.8 million as of March 31.

The U.S. Securities and Exchange Commission (SEC) began evaluating WisdomTree's application for an ETF with CBOE BZX Exchange last Friday. The number of active ETF applications in the US rose to 8.

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