The American exchange-traded fund (ETF) supplier WisdomTree continues increasing its cryptocurrency merchandise in Europe by launching three new crypto exchange-traded merchandise (ETP) backed by Solana (SOL), Cardano (ADA) and Polkadot (DOT).

WisdomTree announced Tuesday the launch of three new physically-backed crypto ETPs, together with WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW).

The ETPs are already listed on main European digital exchanges like Deutsche Boerse’s Xetra, the Swiss SIX trade and the Swiss Inventory Trade. The pan-European trade Euronext is predicted to record the crypto ETPs in Amsterdam and Paris on Thursday, the announcement notes.

The ETPs are designed to supply buyers in Europe another choice to achieve publicity to the value of Solana, Cardano and Polkadot through regulated exchanges. SOLW, ADAW and DOTW have a complete expense ratio of 0.95% and can be found on the market in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Eire, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden and Switzerland.

The brand new ETPs observe the rising crypto asset product providing by WisdomTree in Europe, becoming a member of merchandise like WisdomTree Crypto Mega Cap Equal Weight ETP, which is backed by bodily property together with Bitcoin (BTC) and Ether (ETH), in addition to WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoins (WALT).

WisdomTree’s head of Europe Alexis Marinof stated that the brand new providing goals to satisfy the rising demand from institutional buyers to diversify their crypto portfolio, stating:

“Whereas bitcoin and Ethereum seize the headlines, altcoins at the moment are viable choices for a lot of institutional buyers, offering extra choices to diversify their crypto holdings identical to they might with another asset class.”

SEC may approve spot Bitcoin ETFs as early as 2023 — Bloomberg analysts

As beforehand reported by Cointelegraph, WisdomTree has been actively launching ETPs in Europe amid regulatory hurdles in the US. In late 2021, the U.S. Securities and Trade Fee rejected WisdomTree’s spot Bitcoin ETF after delaying a call on the product a number of instances. The agency subsequently amended its spot BTC ETF submitting, naming U.S. Financial institution as a custodian for its BTC belief.