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Bitwise, a leading digital asset manager, has made a significant move by acquiring ETC Group, a London-based issuer of cryptocurrency exchange-traded products (ETPs). This strategic acquisition propels Bitwise’s total assets under management to over $4.5 billion.
The deal also brings nine European-listed digital asset ETPs into Bitwise’s portfolio, strengthening its foothold in the European market. This expansion reflects Bitwise’s commitment to offering a diverse range of innovative products to meet the growing demand for digital assets in Europe.
Bitwise CEO Hunter Horsley emphasized that the acquisition enables the company to better serve European investors, providing clients with global insights and expanding its product suite with cutting-edge ETPs. This move marks a pivotal step in Bitwise’s mission to lead the global digital asset market.
