WisdomTree launches the first fully staked Ethereum ETP backed by stETH
ChainCatcher News, according to the official Lido blog, the fully staked Ethereum ETP launched by WisdomTree has been officially listed.
The "WisdomTree Physical Lido Staked Ether ETP" (trading code: LIST) is the first ETP product in Europe that holds only stETH minted through the Lido protocol. The product's structural design avoids the non-staked buffer mechanism commonly used in traditional products during subscription and redemption. LIST is listed and traded on Deutsche Börse Xetra, the Swiss SIX Exchange, as well as Euronext in Paris and Amsterdam. By holding stETH, this product provides investors with exposure to staked ETH and its corresponding on-chain staking yield in a listed product format that fits existing institutional business frameworks. At the time of listing, LIST had approximately $50 million in assets under management and a management fee rate of 0.5%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI trend continues to drive momentum, global tech stocks lead gains, bond markets strengthen collectively, and oil prices may experience the longest decline in a year.
The Seoul Composite Index in South Korea rose 0.49%, paring some of its early morning gains. Brent crude fell 1.2% to around $94 per barrel, facing its longest losing streak in nearly a year. The decline in oil prices has eased market concerns over inflation, which had previously been driven up by yields reaching multi-decade highs, putting pressure on the bond market. Both Australian and New Zealand 10-year government bond yields dropped by at least 3 basis points, while US Treasury futures climbed in tandem.
Crypto prices
More
