Development doesn’t stop… Ethereum! WisdomTree has launched the first 100% stETH-backed ETP from Lido in Europe: WisdomTree Physical Lido Staked Ether (ticker: LIST). Unlike traditional ETH ETPs (which only track the spot price), this one is fully staked all the time!
Why is it innovative? Physical Ether ETPs have existed for years (including WisdomTree’s).
But here the backing is ONLY stETH → all assets generate staking rewards from the Ethereum network (currently ~3-4% per year).
No “buffer” of unstaken ETH for creations/redemptions, as in traditional products.
Rewards go directly to investors via stETH rebasing.
It’s the first regulated product that brings real staking yield to institutional and retail investors, without needing a crypto wallet, DeFi, or running validators!
Product Details: Ticker: LIST
Exchanges: Deutsche Börse Xetra (Germany), SIX Swiss Exchange (Switzerland), Euronext (Paris and Amsterdam)
Management Fee: 0.50% per year
Initial Launch: ~US$ 50 million in AUM
Backing: 100% institutionally custodied stETH
Lido is the largest Ethereum liquid staking protocol (~25% of all ETH staked), distributing stakes across more than 650 node operators to minimize centralization risks.
Why does this matter? It shows the institutional maturity of Ethereum.
Traditional investors now earn staking yield on a regulated exchange, without the direct risks of smart contracts.
Europe is leading the way (in the US, spot ETH ETFs still don’t have native staking).
It reinforces stETH/Lido as key infrastructure, attracting more institutional demand.
It’s not the first Ether ETP, but it is the FIRST fully staked, 100% stETH-based ETP from Lido. A giant leap from DeFi to traditional finance! What do you think? Bullish on $ETH? #Ethereum #Lido #stETH #CryptoETP #WisdomTree