WisdomTree has launched its first fully staked Ethereum Exchange Traded Product (ETP), named "WisdomTree Physical Lido Staked Ether ETP" (LIST), marking a significant development in the European crypto investment landscape. This ETP is unique as it exclusively holds stETH, which is minted through the Lido protocol, and is the first of its kind in Europe. Unlike traditional products, LIST avoids the non-staking buffer mechanism during subscription and redemption. The ETP is listed on major European exchanges, including Deutsche Börse Xetra, the Swiss SIX, and Euronext in Paris and Amsterdam. It offers investors exposure to Ethereum staking and its on-chain rewards within a structured product format suitable for institutional frameworks. At launch, LIST managed approximately $50 million in assets, with a management fee of 0.50%.