Bitwise Expands into Europe with Acquisition of ETC Group’s $1B ETP Portfolio

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Bitwise Asset Management has expanded into Europe by acquiring ETC Group, a London-based cryptocurrency exchange-traded products (ETPs) issuer.

This acquisition, which adds over $1 billion in assets under management (AUM) to Bitwise’s portfolio, brings the company’s total AUM to more than $4.5 billion.

The deal is a strategic step for Bitwise, which aims to serve European investors with the same level of expertise and innovation that it has provided in the United States.

We’re excited to share that Bitwise has acquired ETC Group, the London-based digital asset manager and creator of Europe’s largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients access to global… pic.twitter.com/RTSrrokBo3

Bitwise’s acquisition of ETC Group marks a critical milestone in the company’s ongoing expansion into the global crypto market.

ETC Group, founded in 2019, quickly established itself as a prominent player in the European crypto space. It offers a suite of ETPs that includes the largest and most heavily traded physical Bitcoin ETP (BTCE), as well as products focused on Ethereum with staking (ET32), Solana (ESOL), XRP (GXRP), and the MSCI Digital Assets Select 20 (DA20).

All of these products are physically backed, ensuring that they are supported by real assets, which has contributed to ETC Group’s credibility and success in the market.

For Bitwise, this acquisition is not just about adding new products to its lineup but about leveraging ETC Group’s established presence in