Wisdomtree Europe Lists Bitcoin ETP On SIX12.04.2019
The Swiss Stock Exchange SIX welcomes WisdomTree as a new issuer to its ETP trading segment.WisdomTree lists a physically-backed Bitcoin ETP on the Swiss Stock Exchange. This increases the number of ETP issuers to 4 and the number of tradable ETPs to 19, of which more than 50% have a crypto currency as underlying.
Today, the Swiss Stock Exchange SIX welcomes Wisdomtree Europe as a New Crypto Currency ETP Issuer. This underlines our attractiveness as a listing location and regulated trading venue, especially for products on crypto currencies. https://t.co/yVAyBnFkl1 #SIXnews
— SIX (@sixgroup) December 3, 2019
Danielle Reischuk, Senior ETFs & ETPs Sales Manager, SIX: “We congratulate WisdomTree on the launch of their new product and are proud that they have chosen SIX as their listing platform for their Bitcoin ETP. This underlines our attractiveness as a listing location and regulated trading venue, especially for products on crypto currencies”.
SIX further strengthens its position as the leading regulated marketplace for products with crypto currencies as underlyings. All ETPs and Structured Products with a crypto currency underlying combined, the number of available products amounts to 76. Since the start of the year, CHF 502 million have been traded in these products, an increase of 14% compared to the whole previous year.
WisdomTree specializes in sponsoring and issuing UCITS Exchange Traded Funds (ETFs) as well as Exchange Traded Products (ETPs). In 2006, WisdomTree listed its first ETFs and currently offers products across commodities, equities, foreign exchange, fixed income and alternatives. WisdomTree became an ETF issuer at SIX in March 2015 and currently has 49 smart beta ETFs listed at SIX of which the majority are equity ETFs.
An ETP is a collateralized, non-interest-paying bearer debt security issued as a security and traded as well as redeemed in the same structure on a continuous basis. Collateral is deposited with a third party and amounts to at least 100% of the outstanding amount. Further information on the ETP trading segment at SIX is published online.
This is the first time a crypto trading business backed by an international bank has been listed by the FCA.
Regulators should take steps that unleash the power of private markets while protecting investors.
Fidelity continues to hire thousands to support cryptocurrency.
The SETL/Colendi enterprise is preparing a new public blockchain infrastructure.
In May CME Ether futures had the highest volumes since launch.