WisdomTree Unveils Europe’s First ETP for Lido Staked Ether
4 Investments WisdomTree launched LIST, Europe’s first ETP fully backed by Lido’s stETH, on major exchanges. The product offers regulated access to Ethereum staking rewards, debuting with $50 million in assets.
WisdomTree has launched the WisdomTree Physical Lido Staked Ether ETP (LIST), marking the first European exchange-traded product fully backed by Lido’s stETH. LIST is available on Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext Paris and Amsterdam, debuting with approximately $50 million in assets under management and a 0.50% management fee. The ETP is physically backed, holding only stETH minted via the Lido protocol, and does not use unstaked buffers for deposits or redemptions. This structure allows investors to access Ethereum staking rewards through a regulated instrument without directly interacting with DeFi protocols. The product aims to bridge traditional finance and decentralized finance, leveraging Lido’s infrastructure, which represents nearly 25% of all staked Ethereum. The launch highlights the integration of decentralized staking mechanisms with regulated financial infrastructure in Europe, providing institutional investors with direct access to Ethereum’s staking economy and on-chain rewards.
