Bitwise Expands into Europe with Acquisition of London-Based ETC Group

Bitwise Asset Management has announced its acquisition of the London-based ETC Group, expanding its footprint into the European market. The deal incorporates ETC Group’s nine exchange-traded products (ETPs) into Bitwise’s portfolio. With the acquisition, Bitwise’s total assets under management (AUM) have now surpassed $4.5 billion, including ETC Group’s $1 billion in assets, according to an announcement on the company’s website today.

ETC Group is known for its physically-backed crypto ETPs listed across Europe, including products like the physical Bitcoin ETP (BTCE) and a staked Ethereum ETP (ET32). These products have gained significant traction in the European market and will soon be rebranded under Bitwise’s name. Additionally, ETC Group’s portfolio includes ETPs focused on assets such as Solana (ESOL) and XRP (GXRP), as well as the MSCI Digital Assets Select 20 Index (DA20). All products will continue to operate with physical backing, maintaining their structure under Bitwise’s management.

“This acquisition allows us to serve European investors, to offer clients global insight, and to expand the product suite with innovative ETPs. We’re proud of the reputation we have built over the last six years with advisors, institutions, and investors as a sophisticated asset manager in crypto markets, and look forward to bringing this expertise to European investors,” Hunter Horsley, Bitwise’s CEO, said.

Founded in 2019, ETC Group has built a reputation for offering liquid and heavily traded ETPs in the European market. With this acquisition, Bitwise adds these established products to its extensive portfolio, which already includes several crypto-focused offerings in the U.S. market. Earlier this year, Bitwise introduced its first spot Bitcoin ETF (BITB) and spot Ethereum ETF (ETHW), both of which attracted substantial investor interest. Bitwise’s existing U.S. suite includes a wide array of index funds, thematic equity ETFs, and private funds.

ETC Group’s products will be integrated into Bitwise’s offerings over the coming months, allowing the firm to tap into the European market more effectively. Founded in 2017, Bitwise now manages more than 20 investment products, serving advisors, institutions, and other investors seeking crypto asset exposure.

Lawrence does not hold any crypto asset. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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