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WisdomTree Investments Lists Its Bitcoin ETP On Deutsche Boerse’s Xetra Market.

Asset manager WisdomTree Investments revealed earlier on Wednesday that it’s listed its Bitcoin ETP [Exchange-Traded Product] on Deutsche Boerse’s Xetra market, based in Frankfurt.

The firm added that the WisdomTree Bitcoin ETP tracks the cash price of bitcoin features a total expense ratio of 0.95% and is trading under the ticker “WBIT.”

WisdomTree added that the product will give investors access to bitcoin without having to carry the cryptocurrencies directly, store private access keys or interact with the digital currency infrastructure in any way. Earlier in March, WisdomTree added that it had taken on Coinbase as its second custodian for the WisdomTree Bitcoin ETP.

“The Xetra listing, alongside the recent appointment of Coinbase Custody as our second custodian, will appeal to a good range of professional investors and really demonstrates our commitment to delivering a superior investment experience to those allocating to our Bitcoin ETP,”; explained Jason Guthrie, WisdomTree European head of capital markets & digital assets.

The listing comes against the backdrop of a looming decision by the SEC [Securities and Exchange Commission] over whether to approve the primary bitcoin ETF [Exchange-traded Fund] for the United States investors.

Earlier on 9th April, the SEC officially started its review of WisdomTree’s bitcoin ETF application.

Additionally, the SEC so far has blocked all attempts at launching such a vehicle, rejecting over a dozen applications since past years.

That hasn’t stopped Galaxy Digital, NYDIG, SkyBridge Capital along with several others from submitting Bitcoin ETF applications to the SEC in recent months.

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