WisdomTree, an American exchange-traded fund provider, has introduced three new ETPs to meet the need for more crypto-asset investing products.

Due to regulatory constraints in the United States, the investment business targets European markets with its current batch of exchange-traded products (ETP). WisdomTree launched three new cryptos ETPs backed by Cardano (ADA), Solana (SOL), and Polkadot on March 29. On March 29, they were listed on the Swiss stock markets SIX and Börse Xetra, and they will be added to the Paris and Amsterdam stock exchanges later this week.

$80 billion asset manager WisdomTree launches Solana, Cardano and Polkadot ETPs in Europe@strack_ben reports https://t.co/NYEeXy9pHm

— Blockworks (@Blockworks_) March 31, 2022

Increasing the number of European products

The three new crypto funds will join the Crypto Mega Cap Equal Weight ETP, Crypto Market (BLOC) fund, and Crypto Altcoins (WALT) fund, which are already available. Institutional investors can acquire exposure to digital asset markets through exchange-traded vehicles without dealing with exchanges directly.

WisdomTree and other issuers such as VanEck and 21Shares have launched crypto ETPs in Europe, where the regulatory environment is far more favorable than in the United States. CoinShares, a crypto fund manager, announced that institutional inflows into crypto products had reached their highest level since early December.

Low investor confidence in the United States, most funding was for European-based products. Around 76 percent of the overall $196 million inflows came from Europe, with Bitcoin-related items being the most popular.

WisdomTree’s head of Europe, Alexis Marinof, commented on the desire for more altcoin-based funds:

“Altcoins are becoming feasible possibilities for many institutional investors, providing more opportunities to diversify their crypto holdings just like any other asset class,” says the report.

#Investors: our Cybersecurity Fund, $WCBR, seeks to offer exposure to companies that have high exposure to critical cybersecurity trends. https://t.co/Ae7sR1Gi9k

— WisdomTree (@WisdomTreeETFs) March 31, 2022

Knife sharpening in grayscale

Grayscale, an institutional crypto asset management, was so fed up with the Securities and Exchange Commission’s inaction that it was preparing for a court battle if its application was rejected like so many others.

Also, read – Which Is the Better Option: Bitcoin or Altcoins?

In October, the world’s largest crypto asset fund manager said it would transform its famous $31 billion BTC Trust to a spot-based fund backed by the digital asset itself instead of futures. The SEC has previously postponed the judgment twice, first in December and once in February, with the final date set for July.

The SEC postponed its ruling on WisdomTree’s Bitcoin Trust until mid-May earlier this month. Although spot crypto funds have been permitted in Canada and Europe, U.S. regulators have yet to approve one.