According to the official announcement, WisdomTree launched WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETP products on the London Stock Exchange (LSE) today. The management fee rate (MER) of these ETPs is 0.35%, and they are 100% backed by the underlying assets. WisdomTree is one of the first issuers of cryptocurrency ETPs approved and launched on the London Stock Exchange. Currently, cryptocurrency ETPs launched on the London Stock Exchange are only open to professional investors.