WisdomTree Physical CoinDesk 20
WisdomTree Physical CoinDesk 20 is a physically-backed Exchange Traded Product (ETP). The objective of this product is to offer shareholders a simple, secure and cost-efficient way to gain exposure to the CoinDesk 20 Index. The ETP also generates a staking yield based on the portion of the assets staked which helps to participate and secure the Crypto network. The ETP provides for easy investor access, tradability, transparency and institutional custody solutions within a robust physically-backed structure.
Why Invest?
- Physically backed by the crypto assets themselves which are professionally secured in "cold storage".
- The ETP generates a staking yield based on the portion of the assets staked which helps to participate and secure the Crypto network.
- Provides a diversified, index weighting exposure to Crypto in a simple strategy, with periodic rebalancing.
- WisdomTree is a world leader at securing ETPs backed by physical metals, and have used the same structure to protect ETP holdings.
- Institutional crypto assets custody solutions which are continuously evaluated and monitored by WisdomTree.
- ETP structure fits seamlessly within current portfolio management structures
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The price of Crypto may fluctuate and may be affected by numerous factors including supply and demand, the global financial markets and other political, financial or economic events. The value of securities in this ETP is directly affected by increases and decreases in the value of Crypto. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Digital Asset Exchange Risk: To the extent that a relevant stock exchange, where the ETP securities are listed, is closed while the markets for Crypto remain open, significant price movements may take place. This may limit an investor's ability to react to price movements or volatility in the value of Crypto until such relevant stock exchange is open for trading.
- Staking Risk: Proof-of-stake blockchain may have a reward and penalty mechanisms. The penalties are designed to incentivise validator responsibility and network collaboration. Where penalties are applied, this would cause a reduction in the Coin Entitlement. Staking features are not fixed over the time and may cause some liquidity risk or delay the standard settlement period.
- Technical Risk: Digital asset networks are a relatively new asset class where the underlying technology is under active development. This can lead to technical failures, network outages or cybersecurity incidents that may subsequently affect the price of Crypto and/or lead to unavailability of the network for transactions.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the price of Crypto .
- Currency Risk: The price of Crypto is generally quoted in US Dollars. To the extent that a security holder values their holdings in another currency, the value will be affected by changes in the exchange rate.
- Custodian Risk: There is a risk that any Crypto held by the custodian may be lost, stolen or damaged and the Issuer may not be able to satisfy its obligations in respect of the securities in the event that the custodian's insurance is insufficient to cover such liabilities.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Overview
| Product Overview | |
|---|---|
| Base Currency | USD |
| Bloomberg Ticker | WCRP SW |
| Coin Lending | No |
| Index Bloomberg Ticker | CD20LN16 |
| Index Name | CoinDesk 20 Index |
| ISIN | GB00BN474G19 |
| Leverage Factor | N/A |
| Staking Enabled | Yes |
| Structure | |
|---|---|
| Domicile | Jersey |
| Replication method | Physical |
| Legal form | Debt security |
| Legal structure | ETP |
| Further Legal and Tax Information | |
|---|---|
| UCITS Eligible | Please refer to footnote 1 |
| UK Reporting Status | Yes |
| Key Service Providers | |
|---|---|
| Custodian | Swissquote Bank Ltd, Coinbase Custody Trust Company, LLC, BitGo Trust Company, Inc. |
| Administrator | JTC Fund Solutions (Jersey) Limited |
| Trustee | The Law Debenture Trust Corporation p.l.c. |
| Auditor | EY Jersey |
| Issuer | WisdomTree Issuer X limited |
| Registrar | Computershare Investor Services (Jersey) Ltd |
| Fees | |
|---|---|
| MER | 0.70% |
| Product Return Generated by Staking (%)* | |
|---|---|
| Rolling 1Y (Annualised) | 0.62% |
| Rolling 3M (Annualised) | 0.04% |
| Last Calendar Year (Annualised) | 0.94% |
| Last Calendar Quarter (Annualised) | 0.30% |
Austria
Belgium
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Poland
Spain
Sweden
Switzerland
Listings & Codes
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Performance
| Benchmark | |
|---|---|
| Month-To-Date (mtd) | -15.80% |
| Year-To-Date (ytd) | -38.86% |
| 1 Year | -45.92% |
| Product | |
|---|---|
| Month-To-Date (mtd) | -15.00% |
| Year-To-Date (ytd) | -38.03% |
| 1 Year | -45.90% |
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Benchmark Composition
Underlying Holdings
CoinDesk 20 Index
The Index is designed to track the performance of a basket of CoinDesk 20 and is free-float market capitalisation weighted subject to caps set out in the index methodology.
| Index Reference | |
|---|---|
| Index Reference Name | CoinDesk 20 Index |
| Index Reference Provider | CoinDesk |
| Currency | USD |
| Bloomberg Ticker | CD20LN16 |
| Index Reference Website | https://indices.coindesk.com/indices/coindesk20 |
| Security | 04 Jun 2026 |
|---|---|
| 1. Bitcoin (XBT) | 0.2958846 |
| 2. Ether (ETH) | 0.184286 |
| 3. Binance (BNB) | 0.1722729 |
| 4. XRP (XRP) | 0.1528475 |
| 5. Solana (SOL) | 0.0852563 |
| 6. Lumens (XLM) | 0.014684 |
| 7. Cardano (ADA) | 0.0146573 |
| 8. Chainlink (LINK) | 0.0124173 |
| 9. Bitcoin Cash (BCH) | 0.010501 |
| 10. Hedera (HBAR) | 0.0078453 |
| 11. Litecoin (LTC) | 0.0075839 |
| 12. Avalanche (AVAX) | 0.0070845 |
| 13. Sui (SUI) | 0.0066349 |
| 14. NEAR Protocol (NEAR) | 0.006277 |
| 15. Cronos (CRO) | 0.0056012 |
| 16. Bittensor (TAO) | 0.0049662 |
| 17. Uniswap (UNI) | 0.0041107 |
| 18. Internet Computer (ICP) | 0.0031664 |
| 19. Aave (AAVE) | 0.0023466 |
| 20. Polkadot (DOT) | 0.0015762 |
Documents
Historical Data
1 Currently there are no definitive regulatory policies available to determine eligibility for UCITS investment. WisdomTree has completed an analysis applying the framework for UCITS eligibility to Exchange Traded Notes with cryptoassets as the underlying asset. If you would like to find out the details from this analysis, please contact us.
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Issuer X Limited (the “Issuer”). Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled “Risk Factors” for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of Swissquote Bank Ltd (“Swissquote”), Coinbase Custody Trust Company LLC (“Coinbase”), BitGo Trust Company, Inc (“BitGo”) any of their affiliates or anyone else or any of their affiliates. Each of Swissquote, Coinbase and BitGo disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.
The product discussed in this document is an unregulated ETP, approved to trade on exchanges which may include the London Stock Exchange, SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam, Nasdaq Stockholm and the Deutsche Börse Xetra. Cryptocurrencies are a high-risk investment and may not be suitable for all types of investors. Prospective investors should be aware that the price of the underlying asset(s) by which the securities are secured can demonstrate higher volatility than other asset classes and consequently the value of the securities may be extremely volatile. You must ensure that the nature, complexity and risks associated with cryptocurrencies are suitable for your objectives in light of your circumstances and financial position.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
The digital assets underlying WisdomTree’s exchange traded products are held using secure, institutional-grade custody solutions that prevent unauthorised access or movement. Digital assets are primarily stored offline in cold wallets and their transfer requires authorisation from multiple independent parties with a redundancy of locations, communication methods and authentication devices.
Our operational processes are regularly updated to protect against evolving threats and are kept confidential for security reasons.
COINDESK® and COINDESK 20 INDEX (CD20) (the “Index”) are trade or service marks of CoinDesk Indices, Inc. (“CDI”), the administrator of the Index, and/or its licensors. CDI or CDI's licensors own all proprietary rights in the Index.
CDI is not affiliated with WisdomTree Issuer X Limited (the “Issuer”) and does not approve, endorse, review, or recommend WisdomTree Physical CoinDesk 20 (the “Product”). CDI does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index and shall not be liable in any way to the Issuer, investors in or holders of the Product or other third parties in respect of the use or accuracy of the Index or any data included therein.