The US exchange traded fund (ETF) provider WisdomTree continues to expand its cryptocurrency offering in Europe with the launch of three new exchange traded products (ETPs) supported by Solana (SOL), Cardano (ADA) and Polkadot (DOT).

On Tuesday, WisdomTree announced the launch of three new cryptocurrency ETPs, including WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW).

ETPs are already listed on major European digital exchanges such as Xetra Deutsche Boerse, SIX Swiss Exchange and Swiss Stock Exchange. The announcement indicates that the pan-European stock exchange Euronext is expected to list ETP for cryptocurrencies in Amsterdam and Paris on Thursday.

The ETPs aim to offer investors in Europe another alternative to gain access to Solana, Cardano and Polkadot prices through regulated exchanges. SOLW, ADAW and DOTW have a total cost share of 0.95% and are available for sale in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, the Netherlands, Norway, Poland, Spain, Sweden and Switzerland.

The new ETPs follow the growing supply of WisdomTree cryptocurrencies in Europe, joining products such as the WisdomTree Crypto Mega Cap ETP Equal Weight, backed by physical assets including Bitcoin (BTC) and Ether (ETH), as well as the WisdomTree (BLOC) cryptocurrency market and WisdomTree Crypto Altcoins (WALT).

The President of WisdomTree Europe, Alexis Marinof, said the new proposal aims to meet the growing demand from institutional investors to diversify their cryptocurrency portfolio, saying:

“While Bitcoin and Ethereum dominate the headlines, altcoins are now a viable option for many institutional investors, providing more opportunities to diversify their cryptocurrencies just as with any other asset class.”
Related topics: SEC may approve Bitcoin ETF in early 2023 – Bloomberg analysts

As previously reported by Cointelegraph, WisdomTree is actively launching ETPs in Europe amid regulatory barriers in the United States. At the end of 2021, the US Securities and Exchange Commission rejected the WisdomTree Spot Bitcoin ETF after delaying a decision on the product several times. The company then amended the application for a BTC Spot ETF by naming a US bank as the custodian of the BTC fund.

Source: CoinTelegraph