The American exchange-traded fund (ETF) provider WisdomTree continues expanding its cryptocurrency products in Europe by launching three new crypto exchange-traded products (ETPs) backed by Solana 

SOL

$16

, Cardano 

ADA

$0.316

 and Polkadot 

DOT

$4.90

.

WisdomTree announced Tuesday the launch of three new physically-backed crypto ETPs, including WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW).

The ETPs are already listed on major European digital exchanges like Deutsche Boerse’s Xetra, the Swiss SIX exchange and the Swiss Stock Exchange. The pan-European exchange Euronext is expected to list the crypto ETPs in Amsterdam and Paris on Thursday, the announcement notes.

The ETPs are designed to offer investors in Europe another option by which to gain exposure to the price of Solana, Cardano and Polkadot via regulated exchanges. SOLW, ADAW and DOTW have a total expense ratio of 0.95% and are available for sale in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden and Switzerland.

The new ETPs follow the growing crypto asset product offering by WisdomTree in Europe, joining products like WisdomTree Crypto Mega Cap Equal Weight ETP, which is backed by physical assets including Bitcoin 

BTC

$17,458

 and Ether 

ETH

$1,336

, as well as WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoins (WALT).

WisdomTree’s head of Europe Alexis Marinof said that the new offering aims to meet the growing demand from institutional investors to diversify their crypto portfolio, stating:

“While Bitcoin and Ethereum grab the headlines, altcoins are now viable options for many institutional investors, providing more options to diversify their crypto holdings just like they would with any other asset class.”

Related: SEC could approve spot Bitcoin ETFs as early as 2023 — Bloomberg analysts

As previously reported by Cointelegraph, WisdomTree has been actively launching ETPs in Europe amid regulatory hurdles in the United States. In late 2021, the U.S. Securities and Exchange Commission rejected WisdomTree’s spot Bitcoin ETF after delaying a decision on the product multiple times. The firm subsequently amended its spot BTC ETF filing, naming U.S. Bank as a custodian for its BTC trust.