WisdomTree Launches Europe's First Staked Ether ETP, LIST

WisdomTree has launched Europe's first staked Ether exchange-traded product, LIST, across major exchanges such as Xetra, SIX, and Euronext, providing exposure to Ethereum staking rewards.

This launch signifies increasing institutional interest in regulated crypto assets, enhancing access to Ethereum staking and potentially influencing its market dynamics.

WisdomTree announced the launch of its Physical Lido Staked Ether ETP (LIST), marking a first for Europe. This product focuses entirely on stETH, which is staked Ether via the Lido protocol.

Product Details

WisdomTree Europe, a noted ETF/ETP provider, has structured LIST as a UCITS-compliant product. Its collaboration with Lido Finance enables it to offer pure exposure to staking rewards, without using unstaked blends.

Market Impact

The launch significantly impacts the Ethereum staking ecosystem, enhancing the availability of stETH. This unprecedented move could increase institutional interest, potentially boosting staking participation across Europe.

Institutional Interest

With approximately $50 million under management, LIST's debut on major exchanges underscores growing demand for regulated crypto exposure. Its performance is tethered directly to staked Ether, offering a significant shift for investors.

Institutions now have an avenue for secure and regulated staking investments. This initiative could lower entry barriers, further promoting liquid staking tokens. The structure's regulatory alignment supports expanded usage in traditional portfolios.

Regulatory Approvals

As European regulators approve such products, the stETH model could see enhanced acceptance across investment domains. This aligns with broader industry moves toward regulated crypto products, improving market dynamics and participant confidence.

Lido Finance, Official Blog, "WisdomTree’s fully staked ETH ETP is now live. The WisdomTree Physical Lido Staked Ether ETP (LIST) is the first European ETP to hold only stETH minted via the Lido protocol, offering a structure that avoids the unstaked buffers traditional products often use for creations and redemptions" - Lido Blog

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