Key Takeaways:
- Bitwise acquires the London-based ETC Group, expanding its AUM to over $4.5 billion.
- The acquisition adds nine European-listed crypto ETPs, including Bitcoin, Ethereum, Solana, and XRP, to Bitwise’s portfolio.
- This move enhances Bitwise’s ability to serve European investors amid growing institutional demand and regulatory maturity.
Bitwise has expanded into Europe by acquiring the London-based ETC Group, a crypto investment firm with over $1 billion in assets under management (AUM).
This acquisition boosts Bitwise’s total AUM to more than $4.5 billion and adds nine European-listed crypto exchange-traded products (ETPs) to its portfolio, including Bitcoin, Ethereum, Solana, and XRP ETPs.
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 (@BitwiseInvest) August 19, 2024
The move allows Bitwise to serve European investors and enhance its global offerings.
JUST IN: 🇺🇸 Spot #Bitcoin ETF issuer Bitwise expands into Europe by acquiring Europe’s largest physical Bitcoin ETP issuer ETC Group 🇪🇺 pic.twitter.com/EHz3ssB2Ut
— Bitcoin Magazine (@BitcoinMagazine) August 19, 2024
ETC Group has been a key player in launching crypto ETPs in Europe since 2020, and Bitwise’s expansion comes amid increasing institutional demand and regulatory maturity in the crypto space.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
Check Adam out on: