WisdomTree ETF’s European cryptocurrency ETP range surpassed $500m in assets

WisdomTree ETF today announced that the assets under management (AuM) of its European range of physically-backed cryptocurrency ETPs has exceeded $500 million.

Net flows into WisdomTree Physical Bitcoin lead European cryptocurrency ETPs in 2024

The AuM achieved represents an all-time high for WisdomTree’s European cryptocurrency ETPs, which saw net inflows of $59m in its range in 2024, led by WisdomTree Physical Bitcoin (BTCW).

WisdomTree was the first recognised ETP issuer to provide European investors with institutional-grade exposure to physically-backed cryptocurrencies, following the launch of WisdomTree Physical Bitcoin in December 2019. It currently offers a carefully researched range of eight ETPs on physically hedged cryptocurrencies, listed on Deutsche Börse Xetra, Swiss Stock Exchange SIX and Euronext in Paris and Amsterdam, to allow European investors easy access to cryptocurrencies through a familiar ETP wrapper.

In January, WisdomTree reduced the fees of the WisdomTree Physical Bitcoin ETP along with those of the other seven ETPs in its European cryptocurrency range, making it one of the lowest-priced cryptocurrency ETP ranges in Europe. With a management expense ratio of 0.35 per cent, BTCW has the lowest fee level for physical ETPs on institutional-grade bitcoin in Europe that are 100 per cent covered by bitcoin.

Alexis Marinof, Head of Europe, WisdomTree, said: ‘The launch of spot exchange traded funds on bitcoin in the US has changed the view of many investors on cryptocurrencies as an investable asset class. As attention turns to bitcoin’s expected halving in April, investors see more potential within the asset class. Bitcoin has been the best performing asset in 9 of the last 12 years and halving it could potentially extend this run.

WisdomTree’s physically hedged cryptocurrency ETPs offer investors a simple, safe and low-cost way to gain exposure to a range of cryptocurrencies, including bitcoin, ether, solana, cardano and polkadot, as well as three diversified cryptocurrency baskets.

Marinof added: “Since the launch of our first cryptocurrency ETP in December 2019, we have provided European investors with institutional-grade cryptocurrency ETPs with low fees. At the same time, we have placed an emphasis on risk management and security, working with industry-leading cryptocurrency depositories to safeguard assets and leveraging our experience in physically hedged ETPs.”