Bitcoin ETF Issuer Bitwise Expands into Europe With Latest Deal
Key Points:
- Bitcoin ETF issuer Bitwise expands into Europe by buying London-based ETC Group, which offers nine crypto ETPs.
- The deal increases Bitwise’s assets under management to $4.5 billion.
Bitwise Asset Management is extending its global reach by acquiring London-based ETC Group—one of the largest European players when it comes to crypto exchange-traded products.
Read more: Bitwise Spot Ethereum ETF Gets Listing Approval from NYSE Arca!
Bitcoin ETF Issuer Bitwise Moves into Europe with Acquisition of ETC Group
The nine European-listed, physically backed crypto ETPs that had previously fallen under the ETC Group umbrella will soon find a new home under the Bitcoin ETF issuer Bitwise brand in the coming couple of months. Some of these products include those focused on Bitcoin, Ethereum, Solana, and XRP.
This would double Bitwise‘s assets under management to about $4.5 billion. The move is part of Bitwise’s strategic expansion into the growing European markets and is likely to help it meet its central objective of serving more investors.
Bitwise’s Strategic Move Reflects Growing Crypto Fund Consolidation
Since 2019, ETC Group has built resilience in the crypto market across Europe. The company claimed that there wouldn’t be any material change in the existing investment strategies for the products offered by ETC post-renaming.
The European entrance of Bitcoin ETF issuer Bitwise follows a spate of successful product launches in the U.S. market, including the Bitwise Bitcoin ETF and the Bitwise Ethereum ETF. According to reports, both of these have aggregated $2 billion in assets. It outpaced most other smaller fund managers which are focused on crypto in net inflows, setting itself among the top issuers in the U.S. market.
The latest in a string of deals consolidating the crypto fund space, the purchase beefs up U.K.-based firm CoinShares’ U.S. presence with the recent acquisition of Valkyrie’s fund business.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Bitcoin ETF Issuer Bitwise Expands into Europe With Latest Deal
Key Points:
- Bitcoin ETF issuer Bitwise expands into Europe by buying London-based ETC Group, which offers nine crypto ETPs.
- The deal increases Bitwise’s assets under management to $4.5 billion.
Bitwise Asset Management is extending its global reach by acquiring London-based ETC Group—one of the largest European players when it comes to crypto exchange-traded products.
Read more: Bitwise Spot Ethereum ETF Gets Listing Approval from NYSE Arca!
Bitcoin ETF Issuer Bitwise Moves into Europe with Acquisition of ETC Group
The nine European-listed, physically backed crypto ETPs that had previously fallen under the ETC Group umbrella will soon find a new home under the Bitcoin ETF issuer Bitwise brand in the coming couple of months. Some of these products include those focused on Bitcoin, Ethereum, Solana, and XRP.
This would double Bitwise‘s assets under management to about $4.5 billion. The move is part of Bitwise’s strategic expansion into the growing European markets and is likely to help it meet its central objective of serving more investors.
Bitwise’s Strategic Move Reflects Growing Crypto Fund Consolidation
Since 2019, ETC Group has built resilience in the crypto market across Europe. The company claimed that there wouldn’t be any material change in the existing investment strategies for the products offered by ETC post-renaming.
The European entrance of Bitcoin ETF issuer Bitwise follows a spate of successful product launches in the U.S. market, including the Bitwise Bitcoin ETF and the Bitwise Ethereum ETF. According to reports, both of these have aggregated $2 billion in assets. It outpaced most other smaller fund managers which are focused on crypto in net inflows, setting itself among the top issuers in the U.S. market.
The latest in a string of deals consolidating the crypto fund space, the purchase beefs up U.K.-based firm CoinShares’ U.S. presence with the recent acquisition of Valkyrie’s fund business.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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