Recently four issuers launched cryptocurrency exchange-traded products (ETPs) on Euronext Paris and three of them on Euronext Amsterdam as well this morning, in a sign of the major competition in the digital assets space.
Well, WisdomTree, VanEck, 21Shares, and the ETC Group have got approval to list crypto exchange-traded products on the Euronext stock exchanges in Paris and Amsterdam, WisdomTree, VanEck, and ETC Group and have offered their bitcoin and ethereum ETPs on both Euronext exchanges, while 21Shares has listed three crypto ETPs in Paris only.
WisdomTree in an announcement Monday shared that it has listed the WisdomTree Bitcoin and WisdomTree Ethereum products on the Euronext Paris and Amsterdam stock exchanges with a total expense ratio of 0.95%. While VanEck has listed the VanEck Vectors Bitcoin exchange-traded note and VanEck Vectors Ethereum ETN on the two exchanges with a TER of 1%.
ETC Group has listed two exchange-traded commodities (ETCs), the BTCetc – ETC Group Physical Bitcoin with a TER of 2% and the ETHetc – ETC Group Physical Ethereum with a TER of 1.49% on the Euronext Paris and Amsterdam. Both ETCs are issued in Germany by ETC Group and marketed and distributed by HANetf.
CEO of ETC Group, While Bradley Duke, believes the moves would make it easier for local investors to gain more access to crypto ETPs which are secure and regulated.
At the same time, it is also worth noting that the price of bitcoin has fallen dramatically in last month to as low as $30,000, a 54% drop.