WisdomTree launches Europe's first pure stETH ETP product, starting at $50 million

2025-12-04 12:00:21

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[Crypto World] WisdomTree has made a big move—they just launched a pure stETH ETP product in Europe.

This product, called “WisdomTree Physical Lido Staked Ether ETP” (ticker: LIST), is unique in that it holds 100% stETH minted via the Lido protocol and completely eliminates the traditional ETP’s non-staked buffer pool used during subscriptions and redemptions. In simple terms, it directly packages staked ETH and on-chain yields into a compliant product.

The listing scope is quite broad. It can be traded on Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext in Paris and Amsterdam. This structure is a boon for institutional investors—they can earn ETH staking rewards without dealing with on-chain operations themselves, and can buy directly through a traditional brokerage account.

In terms of data: LIST had about $50 million in assets under management at launch, with an annual management fee of 0.50%. As the first ETP in Europe to hold only stETH, this product opens a new door for traditional finance to invest in DeFi yields.

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SnapshotLaborer

· 12-04 12:25

Damn, this is a truly legitimate compliance solution. Finally, someone got staking right. Institutions must be overjoyed—they can buy staking yields directly from brokers, no need to manage wallets themselves anymore. The name "LIST" for this code is just perfect—you can tell at a glance it's destined to go public. Europe is moving fast with this; Lido is almost becoming the official staking option. Going 100% stETH—now that's way more reliable than those flashy hybrid ETPs. A $50 million minimum—this is definitely institutional-level play, totally different. Honestly, I'm a bit worried about potential regulatory back-and-forth... but this is definitely a landmark event.

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PumpDoctrine

· 12-04 12:24

Damn, this is really going to let the big institutions in. Lido has totally hit the jackpot. I didn’t expect them to just cut out the buffer pool—this is pure staking yield, no dilution. The name LIST for this code is so tasteless, haha. A bunch of exchanges in Europe are listing it at the same time—looks like they’re rolling it out everywhere. A minimum of 50 million is pretty aggressive, retail investors shouldn’t even think about it. Turning staking into a compliant ETP is definitely progress, but we still have to see what the actual yield will be. Lido is probably going to make passive gas fee income again, the ecosystem giants just keep getting stronger.

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