Introduction
Bitwise, a leading crypto asset manager, has announced its strategic acquisition of ETC Group, a London-based issuer of crypto exchange-traded products (ETPs). This move marks Bitwise’s official expansion into the European market, reinforcing its position as a global leader in crypto investment solutions.
ETC Group manages over $1 billion in assets and offers a diversified suite of physically backed crypto ETPs, including Bitcoin, Ethereum, Solana, and XRP. The acquisition adds nine European-listed ETPs to Bitwise’s portfolio, enhancing its offerings for institutional and retail investors.
Key Details of the Acquisition
Strategic Expansion
- Bitwise gains a foothold in Europe, leveraging ETC Group’s established platform.
- ETC Group’s products will be rebranded under Bitwise in the coming months.
- The deal increases Bitwise’s total assets under management (AUM) to over $4.5 billion.
ETC Group’s Product Suite
ETC Group’s ETPs are known for their institutional-grade quality and include:
- BTCE: Europe’s largest physical Bitcoin ETP.
- ET32: Ethereum ETP with staking rewards.
- ESOL: Solana ETP.
- DA20: Broad-market crypto index (MSCI Digital Assets Select 20).
👉 Explore Bitwise’s expanded European offerings
Leadership Perspectives
Hunter Horsley, Bitwise CEO
"This acquisition allows us to serve European investors with innovative ETPs while reinforcing our global expertise. Bitwise is committed to being the premier crypto asset manager for advisors and institutions navigating this dynamic asset class."
Bradley Duke, ETC Group Co-Founder
"Bitwise’s culture and track record make it the ideal partner to advance our mission of delivering regulated, secure crypto access to European markets."
Bitwise’s Milestones in 2024
Bitwise Bitcoin ETF (BITB)
- Launched in January 2024.
- Surpassed $2 billion in AUM, ranking among the 25 fastest-growing ETPs ever.
Bitwise Ethereum ETF (ETHW)
- Debuted in July 2024.
- Attracted $300 million+ in AUM within weeks.
Global Growth
- Plans to strategically expand ETC Group’s European platform.
Investment Considerations
Risks
- Volatility: Crypto ETPs are high-risk and subject to significant price swings.
- Regulatory Uncertainty: Evolving laws may impact fund performance.
- Nondiversification: Some Bitwise products focus on single assets (e.g., Bitcoin or Ethereum).
👉 Learn more about crypto ETP risks
FAQs
1. What does the ETC Group acquisition mean for investors?
Bitwise now offers European-listed crypto ETPs, providing diversified exposure to Bitcoin, Ethereum, and altcoins under a regulated framework.
2. Are Bitwise’s ETFs registered under the 1940 Act?
No. BITB and ETHW are not registered under the 1940 Act and lack the protections of traditional mutual funds.
3. How does staking work in ET32?
ET32’s Ethereum ETP incorporates staking rewards, passively earning yield for investors.
4. Where are ETC Group’s products listed?
Major exchanges like Deutsche Börse XETRA, Euronext, and SIX Swiss Exchange.
About Bitwise
Bitwise is the largest crypto index fund manager in the U.S., serving financial advisors and institutions since 2017. Its 90+ team combines expertise from BlackRock, Google, and regulatory backgrounds.
About ETC Group
Europe’s leading crypto ETP issuer, ETC Group pioneered physically backed products like BTCE. It operates across Germany, France, Switzerland, and Austria.
Disclaimer: Investments in crypto ETPs involve risks, including potential loss of principal. Consult a financial advisor before investing.