Europe welcomes 4 new crypto-ETPs tracking Bitcoin, Ethereum, Cardano, etc.
Now that institutional investors have settled into the cryptocurrency sphere, an increasing number of sophisticated investment products are being introduced in the market for their specific needs. In the absence of a legitimate market in the U.S due to regulatory red-taping, asset managers are focusing on the European front. Especially since investors just can’t get enough of cryptocurrency-backed exchange-traded products (ETP) on the continent.
Earlier today, a suite of crypto-basket ETPs was launched by asset manager WisdomTree on the Swiss stock exchange SIX and Frankfurt-based Börse Xetra. This was accompanied by Invesco also entering the European ETP market through its spot Bitcoin ETP, which has also been listed on the Deutsche Börse.
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