WisdomTree Physical Bitcoin (ISIN GB00BJYDH287, ticker BTCW) is an ETP (Exchange Traded Product) physically backed by Bitcoin, launched by WisdomTree in December 2019.
The goal is to provide European investors with exposure to the price of Bitcoin without having to purchase, store, and manage the cryptocurrency directly.
It is listed on multiple European exchanges, including London (LSE), Xetra (Germany), SIX Swiss Exchange, Euronext (Paris and Amsterdam).
Main Features
Feature
Detail
Physical replication
The product is physically backed: it holds real Bitcoin as underlying.
Costs / Fees (TER / MER)
Recently, the fee has been lowered: from 2025, a MER/TER of 0.25% applies for the regular version. Additionally, until December 31, 2025, there is a reduction or exemption that brings the fee to 0.15% annually.
Volume / Assets under management
It is among the largest Bitcoin ETPs in Europe. The assets under management are measured in hundreds of millions — ove
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