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Crypto ETPs are being listed in Euronext Paris Stock Exchange

Last Updated: June 2, 2021By

WisdomTree, VanEck, 21Shares, and the ETC Group are four financial firms that have won authorization to sell crypto exchange-traded products (ETPs) on the Euronext stock markets in Paris and Amsterdam.

While many of the ETPs are already traded on the Deutsche Börse Xetra market in Germany, the investment firms responded to investor demand by expanding their product offerings to France and Amsterdam.

WisdomTree stated on Monday that its WisdomTree Bitcoin and WisdomTree Ethereum products, which have a total expense ratio (TER) of 0.95 percent, have been listed on the Euronext Paris and Amsterdam stock exchanges.

VanEck, a New York-based investment management firm, has listed the VanEck Vectors Bitcoin and VanEck Vectors Ethereum exchange-traded notes (ETNs) on both exchanges with a TER of 1%.

Both ETCs are issued by ETC Group in Germany and promoted and distributed by HANetf, according to the company.

Three ETPs have been listed on the Euronext Paris stock exchange by 21Shares, formerly known as Amun, a Swiss investment product provider. With a TER of 1.49 percent, the three ETPs will provide investors with exposure to bitcoin and ether. A “short bitcoin” ETP is the third product. 21Shares, unlike WisdomTree, VanEck, and the ETC Group, do not have any products listed in Amsterdam.

“The listing of our products on Euronext Paris was a significant step forward for us since it gives members of the Euronext markets access to them, whether they are in Paris or Amsterdam. Having a separate listing for the same things was not particularly appealing. On the other hand, to answer the need of European institutional investors who do not have access to the Swiss SIX exchange, we will launch our trackers in dollars on the Euronext Amsterdam,” said Laurent Kssis, managing director of 21Shares’ ETP business.

“This significant milestone reflects the rising acceptance of cryptocurrencies, the developing European regulatory landscape,” said Jason Guthrie, WisdomTree’s head of digital assets in Europe.

As the asset class rises in popularity, European regulators are becoming more inclined to issue bitcoin ETPs.

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