WisdomTree, one of the ten issuers of spot bitcoin exchange-traded funds (ETFs), expects its product to be more successful towards the second half of the year thanks to adoption by financial advisor platforms.
SEC delays spot Bitcoin ETF decision for BlackRock, Invesco and Bitwise
Invesco, Bitwise and Valkyrie are the other three firms that were hit with delays by the SEC.
Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts
Bloomberg ETF analysts raised their odds for a spot Bitcoin ETF approval after the recent Grayscale victory against the SEC.
Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements
The surveillance-sharing agreements are a measure recommended by the SEC in March, which says they can prevent fraud and protect investors.
Wisdom Tree, T. Rowe Among TradFi Firms to Test Avalanche’s Blockchain Subnet
The Subnet will offer the companies opportunity to make trade execution and settlements more efficient.
Has Tokenization’s Moment Finally Come?
Tokenization of real-world assets has been dismissed by many crypto purists for operating under a centralized framework, but new technological advances have migrated the process from closed, permissioned projects onto public, permissionless blockchain platforms. This could offset traditional finance risks and broaden investment opportunities.
SEC approves 9 more WisdomTree ‘blockchain-enabled’ funds
After announcing the approval of nine new digital funds, WisdomTree reiterated that it wants to further integrate blockchain tech to improve the investor experience.
WisdomTree launches four cryptocurrency indices in US and Europe
The indices will provide investors with direct exposure to large-cap cryptocurrencies, altcoins, DeFi services, and more.
SEC rejects WisdomTree’s application for spot Bitcoin ETF
The Cboe BZX Exchange used the examples set by CME’s crypto futures products in its argument for approval, but the SEC rejected them.
Ethereum Closing In on $2,800 As ETH 2.0 Deposit Contract Hit New ATH
On Thursday, the world’s second largest cryptocurrency by market cap, Ethereum surged in an indomitable bull rally. At press time, the coin was trading at a new all-time high of $2,760, a 2.89% gain in the last 24 hours. ETH currently has a market cap of $320 billion.
Asset Manager WisdomTree Lists Ethereum ETP
The price surge comes after one of the world’s biggest asset managers WisdomTree listed its new Ethereum ETP on Deutsche Borse’s Xetra market in Frankfurt and the Swiss Stock Exchange in Zurich.
The WisdomTree Ethereum ETP (ETHW) is currently the cheapest available Ethereum-derivative product in Europe with an expense ratio of just 0.95%. The ETHW will allow investors to gain exposure to Ether without actually holding the cryptocurrency. Besides, WisdomTree will be working along with multiple custodian solution providers to hold the digital asset. Speaking of this new development, Jason Guthrie, head of capital markets and digital assets at WisdomTree, said:
“With this increase in popularity, institutional investors are doing their due diligence on the most liquid cryptocurrencies and we expect the pace of adoption across these to ramp up as the opportunity in digital assets becomes more compelling.”
Alexis Marinof, the European operations manager at WisdomTree, said that institutional demand for Ethereum has recently increased. In addition, its previous digital assets ETP products were well-received by institutional investors. He went on to say that the cryptocurrency asset class has helped institutions diversify their portfolios.
“By adding ETHW to our range, we now have the products and research capabilities to support institutional investors whether they are considering making their first allocations to digital assets or looking to diversify their exposures,” added Marinof.
Since the beginning of 2021, Ethereum has been on a big upswing. ETH has also gained nearly 300 percent year-to-date at its current price. CI Global Asset Management introduced the world’s first Ethereum mutual fund to the market earlier this week.
Related article | Ethereum Seems Unstoppable, Here’s How ETH Could Extend Rally
ETH 2.0 Deposit Contract Hit New ATH
Ethereum 2.0 was billed as the most ambitious update to the Ethereum network to date, and the hype appears to be bearing fruit. According to a Tweet from Glassnode alerts, the world’s second-largest cryptocurrency has upgraded to a new all-time high of $10,935,392,247.93 for its deposit contracts.
📈 #Ethereum $ETH Total Value in the ETH 2.0 Deposit Contract just reached an ATH of $10,935,392,247.93
View metric:https://t.co/1ezmu1GKcj pic.twitter.com/6uj4P0wwYD
— glassnode alerts (@glassnodealerts) April 28, 2021
The community has embraced the cryptocurrency, particularly since the launch of the Ethereum 2.0 update in November 2020.
The foundation’s success began right at the start, with the preparations for its launch. The team behind it had planned to launch it on December 1, 2020, if the deposit contract reached a stake of 524,288 Ethereum coins. It met its target in a matter of hours, collecting over 150,000 ETH deposits in less than 24 hours.
Ethereum has been plagued by high gas fees, and Ethereum 2.0 is being heralded as the solution. Danny Ryan, the Ethereum 2.0 coordinator, said before the launch that the update added a lot of intrinsic value to the system.
Related article | Ethereum Gains Momentum, Here’s Here Chances of a Run To $3K
Featured image from Pixabay, Charts from Tradingview.com
WisdomTree Proposes ETF With 5% Bitcoin Exposure Despite SEC’s Long-Standing Blockade
WisdomTree is seeking to launch an exchange-traded fund that invests in part in the growing bitcoin futures market.
CoinShares Hires WisdomTree Exec as Company Plans Expansion Outside UK
The new hire brings the London-based digital asset manager connections to major financial institutions in Europe.
WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto
WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.
ETF Giant Leads $17.7M Series A for Blockchain Compliance Startup
WisdomTree was the lead investor in the funding round for Securrency. Other investors include the state-backed Abu Dhabi Investment Office (ADIO).
WisdomTree Launches Physically Backed Bitcoin ETP on SIX Swiss Exchange
A new bitcoin exchange traded product has just listed on the Swiss stock exchange SIX, and it’s physically backed by the underlying crypto.