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12 May 2021

Ethereum Closing In on $2,800 As ETH 2.0 Deposit Contract Hit New ATH

Ethereum Closing In on $2,800 As ETH 2.0 Deposit Contract Hit New ATH

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The price surge comes after one of the world’s biggest asset managers WisdomTree listed its new Ethereum ETP on Deutsche Borse’s Xetra market in Frankfurt and the Swiss Stock Exchange in Zurich.

The WisdomTree Ethereum ETP (ETHW) is currently the cheapest available Ethereum-derivative product in Europe with an expense ratio of just 0.95%.

Alexis Marinof, the European operations manager at WisdomTree, said that institutional demand for Ethereum has recently increased.

“By adding ETHW to our range, we now have the products and research capabilities to support institutional investors whether they are considering making their first allocations to digital assets or looking to diversify their exposures,” added Marinof.

CI Global Asset Management introduced the world’s first Ethereum mutual fund to the market earlier this week.

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