Bitwise Expands into Europe with Acquisition of ETC Group
The crypto asset manager broadens its reach by integrating $1 billion in European assets, rebranding nine ETPs under its name.
Overview
- Bitwise acquires London-based ETC Group, adding $1 billion in assets under management.
- Nine European-listed ETPs, including bitcoin and staked ether products, will be rebranded to Bitwise.
- The acquisition boosts Bitwise's total assets to $4.5 billion.
- Bitwise aims to offer European investors expanded product suites and global insight.
- This move follows Bitwise's successful launch of spot bitcoin and ether ETFs in the U.S.