WisdomTree has launched the WisdomTree Physical Lido Staked Ether ETP, marking the first European exchange-traded product backed entirely by Lido’s stETH. The product began trading on December 4 and is listed on Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext Paris and Amsterdam. It offers regulated exposure to Ethereum staking rewards through a physically backed structure.
The ETP holds Lido’s liquid staking token, which represents Ether deposited in Lido’s protocol. Each unit corresponds directly to underlying stETH and applies a 0.50% management fee. WisdomTree said the product launched with approximately $50 million in initial capital. By providing access to staking yields without direct interaction with staking infrastructure, the structure aligns liquid staking with established market venues.
The launch comes as Lido maintains its position as the largest Ethereum staking provider, accounting for nearly one-quarter of staked ETH. The product’s risks include potential divergence between stETH and ETH, smart contract exposure, and broader crypto market volatility. The offering reflects continued integration between decentralized staking mechanisms and regulated European investment products.
