PRESS ROOM
WisdomTree Launches the World’s First Physical Lido Staked Ether ETP
Thursday 04th December '25
WisdomTree, a global financial innovator, has today launched the WisdomTree Physical Lido Staked Ether ETP (LIST), designed to provide investors with a simple, secure and cost-efficient way to gain exposure to Lido Staked Ether (stETH) and related staking rewards.
The WisdomTree Physical Lido Staked Ether ETP listed today on Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam and offers exposure to the spot price of Lido Staked Ether through an institutional-grade, physically backed structure. With a management expense ratio (MER) of 0.50%, it is the world’s first physically backed ETP1 providing access to Lido Staked Ether.
| ETP name | Exchange code | ISIN |
|---|---|---|
| WisdomTree Physical Lido Staked Ether | LIST/LSTE | GB00BN6NHH92 |
Lido Staked Ether represents Ether2 that has been staked to help secure and operate the Ethereum network. Traditionally, this requires locking up Ether for a period of time, thereby preventing access to funds. Lido removes that limitation by issuing stETH, a liquid token that enables holders to earn staking rewards while maintaining the flexibility to trade, sell, or use their holdings.
With nearly 25% of all Ether staked via the Lido protocol3, Lido Staked Ether plays a pivotal role in Ethereum’s economy, allowing holders to earn validator rewards and participate in the network’s underlying activity.
Dovile Silenskyte, Director, Digital Assets Research, WisdomTree, said: “Lido Staked Ether sits at the centre of Ethereum’s transition to a yield-bearing network. It allows holders to earn staking rewards without locking up capital, creating liquidity and efficiency that extends across decentralised finance. The combination of income and utility within Lido Staked Ether reflects the growing maturity of the digital asset ecosystem and its evolution toward more functional, long-term use case.”
Kean Gilbert, Head of Institutional Relations at Lido Ecosystem Foundation, added: “stETH is already the most widely used path for institutions to access Ethereum’s staking economy. Bringing it into a fully backed ETP is a natural next step and gives allocators a structure they know, without losing the depth of liquidity and the strong security that makes Lido's stETH valuable.”
In 2019, WisdomTree became the first established ETP issuer to provide European investors with an institutional grade physically backed cryptocurrency exposure with the launch of the WisdomTree Physical Bitcoin ETP. WisdomTree manages more than $2.1bn4 across a thoughtfully curated range of 12 physically backed institutional-grade crypto ETPs that provide a simple, secure and low-cost way to gain exposure to single coins, such as bitcoin, Ether and now Lido Staked Ether, through to diversified crypto baskets, such as the WisdomTree Physical CoinDesk 20 ETP.
Alexis Marinof, CEO, Europe, WisdomTree, concluded: “Diversification is evolving beyond traditional asset classes as innovation reshapes how investors access new sources of return. Investors increasingly expect that innovation to come from providers with a proven record of trust and transparency. This launch reflects that expectation by bringing access to new income and diversification opportunities, supported by institutional-grade custody solutions that secure assets safely within a regulated framework.”
WisdomTree’s European crypto ETPs are available in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Poland, Netherlands, Norway, Spain, Sweden and Switzerland. WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum are also available in the United Kingdom.
Product information
| ETP Name | MER | Exchange | Trading currency | Exchange Code | ISIN |
|---|---|---|---|---|---|
| WisdomTree Physical Lido Staked Ether | 0.50% | Borse Xetra | EUR | LSTE | GB00BN6NHH92 |
| SIX | USD | LIST | GB00BN6NHH92 | ||
| SIX | CHF | LIST | GB00BN6NHH92 | ||
| Euronext Amsterdam | USD | LIST | GB00BN6NHH92 | ||
| Euronext Paris | EUR | LSTE | GB00BN6NHH92 |
1 ETP refers to exchange-traded product
2 Ether is the native token to the Ethereum network
3 Source: Lido. 29 October 2025
4 Source: WisdomTree, as of 28 November 2025