Industry Updates

WisdomTree introduces staking to ethereum ETP

ETHW launched in 2021

Jamie Gordon

Ethereum with coins faded background

WisdomTree has enabled staking on its ethereum exchange-traded product (ETP).

The $39m WisdomTree Physical Ethereum (ETHW) is physically-backed by ether and can now earn rewards by delegating its underlying to validate new transaction entries on the ethereum blockchain. 

Annual staking yields on the ethereum blockchain currently range from 4-8%.

ETHW launched in 2021 and is listed on the Swiss Stock Exchange, Euronext Paris and Euronext Amsterdam with a total expense ratio (TER) of 0.95%.

Mirva Anttila, director of digital assets research at WisdomTree, said: “The shapella upgrade was a major advancement for the ethereum network, enabling the withdrawal of staked ether and related staking rewards, it also completed ethereum’s full transition to proof-of-stake.

“There are many challenges in providing staking rewards to investors, however, these have been overcome and we are now able to deliver staking rewards to investors through a risk-managed approach.”

 The addition of staking to ETHW marks the firm’s latest move in digital asset ETP exposures after it launched the WisdomTree Blockchain UCITS ETF (WBLK) last September.

Elsewhere, the firm has also been in active in the thematic space, launching the WisdomTree Renewable Energy UCITS ETF (WRNW) in June.

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