WisdomTree launches its first fully collateralized Ethereum ETP backed by stETH

According to the official Lido blog, the fully staked Ethereum ETP launched by WisdomTree has officially been listed.

Its "WisdomTree Physical Lido Staked Ether ETP" (ticker: LIST) is the first ETP in Europe that exclusively holds stETH minted through the Lido protocol. The product's structure is designed to avoid the non-staking buffer mechanism commonly used in traditional products during subscription and redemption. LIST is traded on the Deutsche Börse Xetra platform, the Swiss SIX Swiss Exchange, as well as the pan-European exchanges in Paris and Amsterdam (Euronext). By holding stETH, the product provides investors with exposure to staked ETH and its corresponding on-chain staking yields in a listed product format that aligns with existing institutional business frameworks. At the time of listing, the assets under management were approximately $50 million, with a management fee rate of 0.5%.