U.S. companies are rushing to launch crypto investment products in Europe amid regulatory pushbacks at home.
United States-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange-traded product (ETP).On Dec. 2, WisdomTree listed its Crypto Mega Cap Equal Weight ETP on Euronext exchanges in Paris and Amsterdam.Trading under the ticker symbol MEGA, the investment product is backed by physical crypto assets including Bitcoin (BTC) and Ether (ETH) with a quarterly rebalance. Launched in November 2021, MEGA was previously listed on Deutsche Boerse’s digital exchange Xetra and Swiss SIX exchange.Apart from MEGA, WisdomTree also launched two more crypto ETPs recently, including WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoin (WALT).BLOC provides exposure to a basket of crypto assets representing
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