WisdomTree has launched the WisdomTree Physical Lido Staked Ether ETP (LIST), the first European exchange-traded product backed entirely by Lido’s stETH.
The product became available on Thursday, Dec. 4.
LIST is now trading on Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext Paris and Amsterdam, according to WisdomTree. The product provides investors access to Ethereum staking rewards through a regulated exchange-traded instrument.
The ETP holds stETH, the liquid staking token issued by the Lido protocol that represents staked Ethereum. The product is physically backed, meaning every unit of the ETP corresponds directly to underlying stETH, with no non-staking buffer for deposits or redemptions, according to the company.
LIST launched with approximately $50 million in initial capital and applies a 0.50% management fee, WisdomTree stated.
Staked Ether (stETH) is the liquid token representing Ethereum deposited via Lido, the largest staking provider on the Ethereum network. Lido enables users to stake ETH without traditional lock-up periods or withdrawal delays by issuing a liquid token. Rewards are added through a rebasing mechanism, which increases token balances over time.
Lido currently accounts for nearly one-quarter of all staked Ethereum, according to network data.
The product carries risks including potential price divergence between stETH and ETH during volatile market periods, smart contract risk from the Lido protocol, and general cryptocurrency market volatility, according to WisdomTree disclosures. The company has indicated the product is designed for informed and experienced investors.
The launch represents continued integration of decentralized staking mechanisms with regulated financial infrastructure in European markets.
In September, WisdomTree launched a private credit fund on the blockchain, with a $25 minimum investment.


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