WisdomTree cuts ETP fee
WisdomTree has announced it has waived 10bps of fees for the WisdomTree Physical Bitcoin ETP (BTCW).
Effective from 26 March, up to and including 31 December 2025, the MER will be 0.15% per annum, representing the lowest fee level amongst bitcoin ETPs in Europe.
“As the 2024 European flow leader in this category, we remain focused on meeting the demands of a rapidly evolving market, ensuring our clients have the tools to make informed, strategic investment decisions in an ever-evolving market,” said Alexis Marinof, CEO, Europe at WisdomTree.
“By waiving fees on our Physical Bitcoin ETP, we are not only enhancing cost-effectiveness but also supporting the broader institutional adoption of digital assets," said Marinof.
The temporary fee reduction benefits new and existing investors in BTCW, reinforcing WisdomTree’s commitment to providing investors with a simple method to increase exposure to the asset class.
Lasy year, the global financial innovator led the European bitcoin ETP market, attracting 2 million in net new flows.
The 0 million WisdomTree Physical Bitcoin ETP has over five years of track record, and is listed on the London Stock Exchange, Deutsche Börse Xetra, the Swiss Stock Exchange (SIX), and Euronext in Paris and Amsterdam.
In 2019, WisdomTree became the first established ETP issuer to provide European demand with institutional-grade crypto exposure and now has 10 physically backed institutional-grade crypto ETPs.