News on November 29, asset management company WisdomTree. It is listed on the Swiss stock exchange SIX and the Frankfurt exchange Xetra. Three cryptocurrency basket exchange-traded products (ETPs).
It is reported that these ETPs track proprietary indices developed by WisdomTree. They are WisdomTree Crypto Market (BLOC). WisdomTree Crypto Altcoins (WALT) and WisdomTree Crypto Mega Cap Equal Weight (MEGA).
BLOC provides investment in the most mature crypto assets. These assets account for about 70% of the market value of cryptocurrencies. Such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin. However, in order to avoid excessive exposure to Bitcoin and Ethereum, the upper limit of the combined allocation of the two is 75%.
WALT focuses on altcoins such as Cardano, Bitcoin Cash, Litecoin, Polkadot and Solana. MEGA focuses on Bitcoin and Ethereum. It is reported that these funds have sales licenses in 12 EU countries as well as Norway and Switzerland.