WisdomTree launches its first fully staked Ethereum ETP backed by stETH

According to CoinWorld on December 4, citing Lido’s official blog, WisdomTree has officially launched its fully staked Ethereum ETP. The “WisdomTree Physical Lido Staked Ether ETP” (ticker: LIST) is Europe’s first ETP product that holds only stETH minted through the Lido protocol. The product’s structural design avoids the traditional non-staked buffer mechanism commonly used during subscription and redemption in traditional products. LIST is listed and traded on Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext in Paris and Amsterdam. By holding stETH, the product provides investors with exposure to staked ETH and its corresponding on-chain staking rewards in the form of a listed product that aligns with existing institutional business frameworks. At the time of listing, LIST had assets under management of approximately $50 million and a management fee rate of 0.50%.