News - New crypto currency ETP issuer joins SIX
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.
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
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.
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