WisdomTree, a global financial innovator, has today announced it has waived 10bps of fees for the WisdomTree Physical Bitcoin ETP (BTCW), effective from 26 March to and including 31 December 2025. During this period, the MER will be 0.15% per annum, representing the lowest fee level amongst bitcoin ETPs in Europe. Barring any further announcement the waiver will expire on 31 December 2025.
The temporary fee reduction benefits new and existing investors in BTCW, reinforcing WisdomTree’s commitment to providing investors with a simple, secure and low-cost way to gain exposure to the asset class. As a diversified, robust, and scalable ETP provider, WisdomTree offers crypto ETPs with highly competitive fees without compromising security or risk management.
The $880m WisdomTree Physical Bitcoin ETP, one of the largest in Europe, 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 2024, it led the European bitcoin ETP market, attracting $232 million in net new flows.
WisdomTree also emerged as the overall leader in European crypto ETP flows in 2024, bringing in $520 million of net new flows across its range of crypto ETPs. These crypto ETPs allow investors to access cryptocurrencies without the need to hold them directly, store private access keys or interact with the blockchain or digital currency infrastructure in any way. Investors also receive access to institutional-grade storage solutions without needing to set it up with a custodian or maintain a digital wallet themselves.
Alexis Marinof, CEO, Europe, WisdomTree said: “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. 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.”
In 2019, WisdomTree became the first established ETP issuer to provide European investors with institutional-grade physically backed cryptocurrency exposure, with the launch of the WisdomTree Physical Bitcoin ETP. Today, WisdomTree offers a thoughtfully curated range of 10 physically backed institutional-grade crypto ETPs that tap into its tradition of innovation and leverage the firm’s deep expertise in physically backed ETPs, gained from 20 years of experience providing and managing physical gold ETPs.
