Swiss Stock Exchange SIX Lists Physically-Backed Bitcoin ETP
Crypto Guide
Live News

Keeping up with all the cryptocurrency news and updates is not an easy task, but we are up to the challenge! This way we can help our readers to keep track of changes in these fast growing currencies. Just like our site, is willing to face this challenge and on their site, they compile the features, key elements, and recent news involving bitcoin casino sites and which are the best to try!

Swiss Stock Exchange SIX Lists Physically-Backed Bitcoin ETP

December 3, 2019      Richard M Adrian

WisdomTree Investments Inc (NASDAQ: WETF) launched a physically-backed Bitcoin traded (ETP) for exchanges for listing on Switzerland’s major stock exchange, SIX Swiss Exchange. The Nasdaq listed corporation announced through a Dec 3 news publication.  An asset manager wrote in the release that the Online Swiss Bank Swissquote; will certainly serve as the key custodial partner for the new financial product.

It is worth noting that the exchange will list the Physically backed Bitcoin ETP at a total expense ratio of 0.95% with the WBTC ticker. 

Bitcoin “not a passing trend”

Furthermore, the ETP targets professionals and institutional investors to provide them with exposure to bitcoin; without much need for storing private keys and having pro-level grasp of blockchain and financial infrastructure knowledge. Meanwhile, the bitcoin ETP will have physical backing from bitcoin, hence investors of the product will be entitled to a predetermined valuation for Bitcoin-; however the exchange will grant custody upon a third part institution. According to the news publication outlining the financial product’s release,  Bitcoin ETP will track the spot price of Bitcoin. Additionally, WisdomTree will purchase amounts of Bitcoin and create small manageable sizes; which will be easily traded and redeemable on the SIX exchange. 

Alex Marino, the head of Europe for WisdomTree noted that the company has experienced enough to affirm that digital assets such as Bitcoin; will not go extinct and could play a key role in investor portfolios. He wrote: 

 “seen enough to believe that digital assets, like Bitcoin, are not a passing trend and can play a role in portfolios.”

Meanwhile, WisdomTree stated that bridging crypto with the ETP structure could provide better centralization of liquidity for financial asset classes. 

Wide Range of crypto ETPs

A previous report dating November outlined multiple ETP listings tracking up to five leading digital assets. Since the cryptocurrency exchange has went ahead to supporting a wide array of crypto financial products. Including today’s Bitcoin ETP and the Ether (ETH) created by Amun, a fin-tech company. 

READ  Craig Wright 99.999% Sure To Get Access To BTC From Tulip Trust
#Bitcoin ETP #Crypto News #Cryptocurrency #Cryptocurrency Market #Cryptocurrency News #ETP #Exchange news #Exchange traded funds #SIX exchange
Richard M Adrian
Richard M Adrian

Blockchain Analyst with a demonstrated history of working in the writing and editing industry. Skilled in WordPress, Editing, SEO Copywriting, Copy Editing, and Blog Marketing. When I am not writing, analyzing bulls/bears - I will be listening to music, reading a thrilling novella or hiking. Email me at - And we could talk about anything - business or dragons.