WisdomTree launches the first fully staked Ethereum ETP backed by stETH

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

The "WisdomTree Physical Lido Staked Ether ETP" (trading code: LIST) is the first ETP product in Europe that holds only stETH minted through the Lido protocol. The product's structural design avoids the non-staked buffer mechanism commonly used in traditional products during subscription and redemption. LIST is listed and traded on Deutsche Börse Xetra, the Swiss SIX Exchange, as well as Euronext in Paris and Amsterdam. By holding stETH, this product provides investors with exposure to staked ETH and its corresponding on-chain staking yield in a listed product format that fits existing institutional business frameworks. At the time of listing, LIST had approximately $50 million in assets under management and a management fee rate of 0.5%.