WisdomTree has expanded its thematic range with the launch of a blockchain ETF.
The WisdomTree Blockchain UCITS ETF (WBLK) is listed on the Deutsche Boerse and Borsa Italiana and will also list on the London Stock Exchange on 14 September with a total expense ratio (TER) of 0.45%.
WBLK tracks the WisdomTree Blockchain index which offers exposure to companies with a primary focus on blockchain and crypto technologies.
The stocks in the index will either be labelled ‘blockchain enablers’, companies that support the blockchain ecosystem and ‘blockchain engagers’, companies that offer cryptocurrency and blockchain-related services.
WisdomTree said blockchain enablers will have a weighting limit applied to their holdings as it expects their miner rewards will decrease over time as cryptocurrencies move to more energy-efficient models such as proof-of-stake.
As a result, an overweight exposure is applied to blockchain engagers.
The asset manager said it hopes to leverage its crypto...
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